Pickens, Mississippi Property Taxes
The median property tax rate in Pickens, MS is 1.75%, considerably higher than both the national median of 0.99% and the Mississippi state median of 1.31%. With the median home value in Pickens, the typical annual property tax bill reaches $493, which is significantly lower than the national median of $2,690. Property taxes in Pickens 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 Pickens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pickens 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
Pickens, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$686
$637
Ownwell’s Pickens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pickens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pickens 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 Pickens, Mississippi
Property taxes in Pickens, Mississippi, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pickens is 0.81%, which is lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Pickens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pickens 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 Pickens's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39146 zip code has the highest median property tax rate of 1.75%, while the same 39146 zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Pickens 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 Pickens Tax Rate
1.75%
Average Yazoo County Tax Rate
1.74%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pickens, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39146 | 0.47% | 0.77% | 1.75% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Pickens, Mississippi
In Pickens, 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 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. In Pickens, 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. For instance, the median home price in Pickens is $39,215, with tax bills ranging from $266 at the 25th percentile to $1,926 at the 90th percentile. The highest median tax bill is in the 39146 zip code, amounting to $493. Being aware of these valuation processes in Pickens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pickens Assessed Value
$39,215
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 Pickens, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39146 | $12,425 | $17,338 | $39,215 | $70,750 | $135,695 |
Source: Ownwell
Property Tax Bills Across Pickens, Mississippi
In Pickens, property tax bills are calculated based on the assessed value of your property, which is determined by the local tax assessor. The assessed value is a percentage of your home's market value. For instance, if the median home price in Pickens is $39,215, the assessed value used for tax purposes is a fraction of this amount. Once the assessed value is established, the local tax rate is applied to calculate your tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Pickens, the 25th percentile of tax bills is around $266, while the 75th percentile reaches $955, and the 90th percentile soars to $1,926. These figures illustrate the range of property tax liabilities homeowners might face. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates can significantly impact homeowners. High property taxes can affect affordability and the overall cost of homeownership in Pickens.
Average Pickens Tax Bill
$493
Average Yazoo County Tax Bill
$698
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Pickens, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39146 | $151 | $266 | $493 | $955 | $1,926 |
Source: Ownwell