Centreville, Wilkinson County, Mississippi Property Taxes
The median property tax rate in Centreville, MS is 1.92%, significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Centreville at $18,744, the typical annual property tax bill is $224, which is below the national median of $2,690. Property taxes in Centreville are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Centreville'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 Centreville 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
Centreville, Wilkinson County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$360
$334
Ownwell’s Centreville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centreville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centreville 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 Centreville, Wilkinson County, Mississippi
Property taxes in Centreville, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centreville is 1.92%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Centreville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centreville 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. The data below compares Centreville's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39631 zip code has the highest median property tax rate of 1.92%, while the same 39631 zip code also has the lowest median tax rate of 1.92%. Understanding how these cities compare with Centreville provides valuable insights into the varying tax landscape across Wilkinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Centreville Tax Rate
1.92%
Average Wilkinson County Tax Rate
1.92%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centreville, Wilkinson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39631 | 0.87% | 1.92% | 1.92% | 1.95% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Centreville, Wilkinson County, Mississippi
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Centreville, Mississippi. The market value represents 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 Wilkinson 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 Centreville, 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. For instance, the zip code with the highest median tax bill is 39631, amounting to $224. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Centreville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Centreville, Wilkinson County, Mississippi
Source: Ownwell
$13,186
$16,329
$19,471
Average Centreville Assessed Value
$18,744
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 Centreville, Wilkinson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39631 | $1,337 | $3,920 | $18,744 | $52,320 | $94,455 |
Source: Ownwell
Property Tax Bills Across Centreville, Wilkinson County, Mississippi
In Centreville, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. For homeowners, the median home price in the area is $18,744. The property tax rate in Centreville is influenced by various factors, including local government budgets and public service funding needs. Homeowners can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is around $66, while the 75th percentile tax bill can reach $611. At the 90th percentile, tax bills climb to approximately $1,265. The highest median tax bill in the area is $224, with the same figure being the lowest median tax bill, indicating some uniformity in tax assessments within that zip code. These property taxes directly impact homeowners by contributing to the funding of essential services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners manage their financial planning more effectively.
Average Centreville Tax Bill
$224
Average Wilkinson County Tax Bill
$242
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Centreville, Wilkinson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39631 | $24 | $66 | $224 | $611 | $1,265 |
Source: Ownwell