Mantee, Webster County, Mississippi Property Taxes
The median property tax rate in Mantee, MS is 0.89%, which is notably lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Mantee at $73,456, the typical annual property tax bill comes to $646, significantly below the national median of $2,690. Property taxes in Mantee are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mantee's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mantee or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mantee, Webster County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$654
$607
Ownwell’s Mantee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mantee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mantee to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mantee, Webster County, Mississippi
Property taxes in Mantee, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mantee is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Mantee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mantee estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. Understanding how Mantee compares with other areas provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mantee Tax Rate
0.89%
Average Webster County Tax Rate
0.98%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mantee, Webster County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39751 | 0.41% | 0.76% | 0.89% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Mantee, Webster County, Mississippi
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mantee, Mississippi. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Webster County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Mantee, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Mantee is $73,456, with the 25th percentile tax bill at $397 and the 75th percentile at $1,139. The highest and lowest median tax bills are both reported at $646 in the 39751 zip code. Knowing these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mantee, Webster County, Mississippi
Source: Ownwell
$62,437
$74,343
$86,248
Average Mantee Assessed Value
$73,456
Average Webster County Assessed Value
$69,631
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mantee, Webster County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39751 | $22,820 | $49,160 | $73,456 | $108,340 | $164,547 |
Source: Ownwell
Property Tax Bills Across Mantee, Webster County, Mississippi
In Mantee, property tax bills are calculated based on the assessed value of your home, which is determined by the Webster County tax assessor. The assessed value is a percentage of your home's market value, and this figure is then multiplied by the local tax rate to determine your annual property tax bill. For example, with a median home price of $73,456, the tax bill can range significantly. Homeowners at the 25th percentile can expect to pay around $397, while those at the 75th percentile might see a bill closer to $1,139. At the 90th percentile, the tax bill can reach up to $1,852. These variations in tax bills are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in Mantee can be relatively modest, making it a potentially more affordable area for homeowners. Understanding these factors can help homeowners anticipate their tax liabilities and plan accordingly.
Average Mantee Tax Bill
$646
Average Webster County Tax Bill
$751
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Mantee, Webster County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39751 | $203 | $397 | $646 | $1,139 | $1,852 |
Source: Ownwell