Yalobusha County, Mississippi Property Taxes
The median property tax rate in Yalobusha County is 0.96%, which is slightly lower than the national median of 0.99% and significantly below the Mississippi state median of 1.31%. With a median home value of $47,647, the typical annual property tax bill in Yalobusha County is $443, far below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the actual market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Yalobusha County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Coffeeville or another part of Yalobusha County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yalobusha County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$457
$424
Ownwell’s Yalobusha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Yalobusha with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Yalobusha 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 Yalobusha County, Mississippi
Property taxes in Yalobusha County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Yalobusha County is 0.96%, which is lower than the Mississippi state median of 1.02% but slightly below the U.S. national median of 0.99%. Local government entities within Yalobusha County set these rates annually, and they can vary significantly between different areas within the county. Each year, Yalobusha 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. The following data compares Yalobusha County's effective property tax rate with other counties in Mississippi and the national median. For comparison, the city of Grenada has one of the higher property tax rates in Mississippi at 1.76%, while the city of Enid boasts one of the lowest at 0.89%. Analyzing how Yalobusha County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Yalobusha County Tax Rate
0.96%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yalobusha County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coffeeville | 0.53% | 0.75% | 0.92% | 1.76% | 1.79% |
| Enid | 0.75% | 0.86% | 0.89% | 1.38% | 1.84% |
| Grenada | 0.27% | 0.77% | 1.76% | 1.81% | 2.16% |
| Oakland | 0.52% | 0.74% | 0.97% | 1.76% | 1.77% |
| Pope | N/A | N/A | N/A | N/A | N/A |
| Scobey | 0.46% | 0.75% | 0.89% | 1.73% | 1.76% |
| Tillatoba | 0.47% | 0.77% | 0.93% | 1.76% | 1.80% |
| Water Valley | 0.45% | 0.92% | 0.98% | 1.46% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Yalobusha County, Mississippi
In Yalobusha 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 Yalobusha 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 Yalobusha 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. Being aware of these valuation processes in Yalobusha County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Enid has the highest median tax bill at $565, while Pope has the lowest at $314.
Property Tax Assessment Values Across Yalobusha County, Mississippi
Source: Ownwell
$38,866
$46,701
$54,536
Average Yalobusha County Assessed Value
$47,647
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yalobusha County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coffeeville | $7,636 | $19,954 | $43,760 | $70,079 | $94,561 |
| Enid | $12,669 | $33,844 | $50,789 | $62,115 | $106,072 |
| Grenada | $10,137 | $29,571 | $54,536 | $82,112 | $101,690 |
| Oakland | $8,027 | $16,360 | $38,866 | $67,822 | $108,112 |
| Pope | N/A | N/A | N/A | N/A | N/A |
| Scobey | $13,972 | $24,678 | $44,805 | $75,840 | $133,800 |
| Tillatoba | $8,443 | $18,764 | $42,802 | $72,520 | $113,985 |
| Water Valley | $12,192 | $30,269 | $53,446 | $78,838 | $121,793 |
Source: Ownwell
Property Tax Bills Across Yalobusha County, Mississippi
In Yalobusha County, MS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Several factors influence the final tax bill, including local tax rates and any applicable exemptions or deductions. Homeowners in Yalobusha County experience varying tax bills, with the 25th percentile paying around $213 and the 75th percentile paying approximately $757. At the higher end, the 90th percentile faces tax bills up to $1,320. Comparatively, the median property tax bill in Yalobusha County is notably lower than the national median property tax rate of 0.99%. The highest median tax bill in the county is $565 in Enid, while Pope has the lowest at $314. These tax bills significantly impact homeowners, as they must budget for these annual expenses, which can vary widely depending on the specific location and value of their property within the county.
Average Yalobusha County Tax Bill
$443
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Yalobusha County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coffeeville | $72 | $165 | $362 | $619 | $1,032 |
| Enid | $282 | $501 | $565 | $1,006 | $1,366 |
| Grenada | $206 | $314 | $482 | $1,373 | $1,391 |
| Oakland | $83 | $167 | $350 | $672 | $1,230 |
| Pope | N/A | N/A | N/A | N/A | N/A |
| Scobey | $113 | $254 | $400 | $685 | $1,119 |
| Tillatoba | $81 | $190 | $391 | $688 | $1,275 |
| Water Valley | $120 | $268 | $516 | $879 | $1,507 |
Source: Ownwell