Wilkinson County, Mississippi Property Taxes
The median property tax rate in Wilkinson County is 1.92%, significantly higher than both the national median of 0.99% and Mississippi's state median of 1.31%. With the median home value in Wilkinson County, the typical annual property tax bill is $242, which is considerably lower than the national median of $2,690. Property taxes in Wilkinson County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Wilkinson County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in the city of Woodville or another part of Wilkinson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wilkinson County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$329
$306
Ownwell’s Wilkinson County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wilkinson County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wilkinson County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wilkinson County, Mississippi
Property taxes in Wilkinson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wilkinson County is 1.92%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Wilkinson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wilkinson County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Gloster has one of the higher property tax rates in the region at 1.97%, while the city of Centreville boasts one of the lowest at 1.92%. Analyzing how Wilkinson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wilkinson County Tax Rate
1.92%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilkinson County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Centreville | 0.87% | 1.92% | 1.92% | 1.95% | 1.97% |
| Crosby | N/A | N/A | N/A | N/A | N/A |
| Gloster | 1.92% | 1.93% | 1.97% | 1.97% | 1.97% |
| Woodville | 0.90% | 1.92% | 1.92% | 1.96% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Wilkinson County, Mississippi
In Wilkinson County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Wilkinson County Appraisal District. The assessed value, however, 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. Assessment notices in Wilkinson County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Woodville has the highest median tax bill at $271, while Centreville has the lowest at $224. Being aware of these valuation processes in Wilkinson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Wilkinson County, Mississippi
Source: Ownwell
$13,186
$16,329
$19,471
Average Wilkinson County Assessed Value
$17,148
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wilkinson County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Centreville | $1,337 | $3,920 | $18,744 | $52,320 | $94,455 |
| Crosby | N/A | N/A | N/A | N/A | N/A |
| Gloster | $1,616 | $3,585 | $13,186 | $34,922 | $89,425 |
| Woodville | $1,581 | $4,737 | $19,471 | $53,220 | $96,642 |
Source: Ownwell
Property Tax Bills Across Wilkinson County, Mississippi
In Wilkinson County, MS, property tax bills are determined by several key factors, starting with the assessed value of a home. This assessed value is typically a percentage of the property's market value. Homeowners in Wilkinson County can expect property tax bills to vary significantly, depending on the value of their property. For instance, the tax bill at the 25th percentile is $72, while at the 75th percentile, it rises to $683. At the 90th percentile, the tax bill can reach up to $1,391. The median home price in Wilkinson County is $17,148, which is relatively low compared to national figures. Interestingly, the city of Woodville has the highest median tax bill at $271, while Centreville has the lowest at $224. These figures highlight the variability in property tax bills within the county. Overall, property taxes in Wilkinson County can have a substantial impact on homeowners, with tax bills varying widely based on the assessed value of their properties.
Average Wilkinson County Tax Bill
$242
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilkinson County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Centreville | $24 | $66 | $224 | $611 | $1,265 |
| Crosby | N/A | N/A | N/A | N/A | N/A |
| Gloster | $32 | $70 | $239 | $633 | $1,416 |
| Woodville | $27 | $82 | $271 | $736 | $1,478 |
Source: Ownwell