Sturgis, Mississippi Property Taxes
The median property tax rate in Sturgis, MS is 0.75%, notably lower than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Sturgis at $94,450, the typical annual property tax bill is $691, which is significantly below the national median of $2,690. Property taxes in Sturgis are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Sturgis'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 Sturgis 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
Sturgis, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$708
Ownwell’s Sturgis Property Tax Bill Calculator is an indispensable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Sturgis. By simply inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Sturgis to provide an accurate estimate of your property tax bill. This tool offers valuable insights into your potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring a precise calculation for property tax purposes.
Property Tax Rates Across Sturgis, Mississippi
Property taxes in Sturgis, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sturgis is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Sturgis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sturgis 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 Sturgis's effective property tax rate to other areas in Mississippi and the national median. For comparison, the 39769 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Sturgis provides valuable insights into the varying tax landscape across Winston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sturgis Tax Rate
0.75%
Average Winston County Tax Rate
0.66%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sturgis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39769 | 0.25% | 0.55% | 0.75% | 0.94% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Sturgis, Mississippi
In Sturgis, Mississippi, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Winston 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 Sturgis, 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. Being aware of these valuation processes in Sturgis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39769 has both the highest and lowest median tax bills at $691.
Average Sturgis Assessed Value
$94,450
Average Winston County Assessed Value
$66,478
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sturgis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39769 | $21,429 | $46,128 | $94,450 | $137,718 | $192,458 |
Source: Ownwell
Property Tax Bills Across Sturgis, Mississippi
In Sturgis, located in Winston County, MS, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. The assessed value is a percentage of the market value of the property. Local tax rates, known as millage rates, are then applied to this assessed value to calculate the annual property tax bill. For instance, with a median home price of $94,450, homeowners in Sturgis can expect varying tax bills. At the 25th percentile, property tax bills are around $308, while at the 75th percentile, they rise to approximately $1,174. For those at the 90th percentile, the tax bill can reach up to $1,717. These rates are relatively moderate compared to the national median property tax rate of 0.99%. The property tax bill significantly impacts homeowners, as it forms a substantial part of annual housing expenses. Understanding these factors helps homeowners budget accordingly and anticipate their financial obligations.
Average Sturgis Tax Bill
$691
Average Winston County Tax Bill
$387
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Sturgis, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39769 | $206 | $308 | $691 | $1,174 | $1,717 |
Source: Ownwell