Holly Bluff, Mississippi Property Taxes
The median property tax rate in Holly Bluff, MS is 1.80%, significantly higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With a median home value of $66,210 in Holly Bluff, the typical annual property tax bill is $825, which is lower than the national median of $2,690. Property taxes in Holly Bluff are calculated based on the tax assessed value, which is typically lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Holly Bluff'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 Holly Bluff or another part of Yazoo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holly Bluff, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$1,192
Ownwell’s Holly Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holly Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holly Bluff 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 Holly Bluff, Mississippi
Property taxes in Holly Bluff, Mississippi, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holly Bluff is 1.80%, significantly higher than both the Mississippi state median and the U.S. national median of 0.99%. Local government entities within Holly Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holly Bluff 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 Holly Bluff's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39088 zip code has the highest median property tax rate of 1.80%, while the same zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with Holly Bluff provides valuable insights into the varying tax landscape across Yazoo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holly Bluff Tax Rate
1.80%
Average Yazoo County Tax Rate
1.74%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holly Bluff, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39088 | 0.80% | 1.01% | 1.80% | 1.80% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Holly Bluff, Mississippi
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Holly Bluff, Mississippi. 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 Yazoo 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. Assessment notices in Holly Bluff 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 Holly Bluff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $825 in the 39088 zip code, which is also the lowest median tax bill, reflecting a consistent tax rate across the region.
Average Holly Bluff Assessed Value
$66,210
Average Yazoo County Assessed Value
$47,455
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holly Bluff, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39088 | $11,474 | $36,535 | $66,210 | $88,465 | $135,910 |
Source: Ownwell
Property Tax Bills Across Holly Bluff, Mississippi
Property tax bills in Holly Bluff, Yazoo County, MS, are determined by assessing the property's market value and applying the local tax rate. Homeowners in this area can expect a median home price of $66,210. The tax rate is applied to the assessed value to calculate the annual tax bill. For instance, tax bills in Holly Bluff range significantly, with the 25th percentile at $314 and the 75th percentile at $1,424. The 90th percentile tax bill can reach up to $2,571. These tax bills are influenced by several factors, including property size, location, and market conditions. For homeowners, this means that property taxes can vary widely even within the same community. Compared to the national median property tax rate of 0.99%, the range in Holly Bluff provides a diverse financial landscape for property owners. Understanding these factors can help homeowners budget effectively and consider potential savings or exemptions.
Average Holly Bluff Tax Bill
$825
Average Yazoo County Tax Bill
$698
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Holly Bluff, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39088 | $150 | $314 | $825 | $1,424 | $2,571 |
Source: Ownwell