Pope, Mississippi Property Taxes
The median property tax rate in Pope, MS is 1.76%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Pope at $17,816, the typical annual property tax bill reaches $314, which is significantly lower than the national median of $2,690. Property taxes in Pope are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pope'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 Pope 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
Pope, Mississippi Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,620
Ownwell’s Pope Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pope with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pope 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 Pope, Mississippi
Property taxes in Pope, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pope is 1.76%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pope set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pope 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 Pope's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 38658 zip code has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these cities compare with Pope provides valuable insights into the varying tax landscape across Yalobusha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pope Tax Rate
1.76%
Average Yalobusha County Tax Rate
0.96%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pope, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38658 | 1.76% | 1.76% | 1.76% | 1.76% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Pope, Mississippi
In POPE, 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 Yalobusha 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 POPE, 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 POPE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in POPE is $17,816, with the highest and lowest median tax bills both being $314 in the 38658 zip code.
Average Pope Assessed Value
$17,816
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 Pope, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38658 | $17,816 | $17,816 | $17,816 | $17,816 | $17,816 |
Source: Ownwell
Property Tax Bills Across Pope, Mississippi
In Pope, located in Yalobusha County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Pope, the median home price is $17,816. Given this valuation, property tax bills are relatively consistent, with the 25th, 75th, and 90th percentiles all at $314. This uniformity suggests a stable tax environment, but it also means that homeowners face a predictable annual expense. Compared to the national median property tax rate of 0.99%, Pope’s property tax bills are notably lower, making it an affordable area for homeowners. However, the low median home price also reflects the economic conditions of the region. For homeowners, understanding these factors is crucial for financial planning and long-term investment decisions. Accurate assessments and stable tax rates contribute to a predictable fiscal environment, easing the burden on residents.
Average Pope Tax Bill
$314
Average Yalobusha County Tax Bill
$443
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Pope, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38658 | $314 | $314 | $314 | $314 | $314 |
Source: Ownwell