Waveland, Hancock County, Mississippi Property Taxes

Name: Property Tax Bills Across Waveland, Hancock County, Mississippi
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Waveland, MS effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Waveland, MS home value: $109,768
Median annual Waveland, MS tax bill: $1,603, $797 lower than the national median property tax bill of $2,400.

How are property taxes in Hancock County calculated?

Property taxes in Waveland, MS are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Waveland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waveland, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Waveland, Hancock County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.26%

Estimate Property Tax Bill

$1,383

$1,283

Ownwell’s Waveland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waveland with just two data points. By entering your property's estimated assessed value, our calculator applies Waveland’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hancock County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waveland, Hancock County, Mississippi

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the process that takes place each year.

Waveland in Hancock County, Mississippi, stands out with its effective property tax rate. Compared to other cities in Mississippi and the national median, Waveland's rate provides a unique perspective on how property taxes can differ not only within the state but also across the country. The median property tax rate in Mississippi is higher than the national median, making it an interesting case for property owners. Understanding these differences can help property owners make informed decisions about where to buy or invest in property. By appealing property taxes or seeking exemptions, residents can potentially lower their tax burden and make the most of their real estate investments.

Property Tax Rates Across Waveland, Hancock County, Mississippi

Source: Ownwell

0.96%

1.19%

1.43%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Waveland Tax Rate

1.26%

Median Effective Hancock County Tax Rate

1.25%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waveland, Hancock County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39576	1.26%	1.26%	1.26%	1.89%	1.89%
39520	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Waveland, Hancock County, Mississippi

When examining property taxes in Waveland, MS, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hancock County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Hancock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Waveland.

For example, the median home price in Waveland is $109,768, with tax bills ranging significantly across the county. Zip code 39576 has the highest median home price at $109,697.

Property Tax Assessment Values Across Waveland, Hancock County, Mississippi

Source: Ownwell

$85,314

$113,461

$141,607

Median Waveland Market Value

$109,768

Median Hancock County Market Value

$120,581

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waveland, Hancock County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39576	$58,009	$77,354	$109,697	$170,599	$262,966
39520	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Waveland, Hancock County, Mississippi

In Waveland, located in Hancock County, Mississippi, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The property tax rate in this area is relatively low compared to the national median property tax rate of 1.02%. Homeowners in Waveland typically face a median property tax bill of $1,604, which is significantly lower than the national median of $2,400. The tax bill for homes in the 25th percentile is about $1,092, while those in the 75th percentile pay around $2,483, and the 90th percentile reaches up to $4,124. These figures suggest that property taxes can vary significantly based on the property's assessed value and location within the city. Ownwell provides valuable assistance to homeowners by offering property tax appeal and exemption services, potentially leading to substantial savings. By leveraging their expertise, homeowners can ensure they are not overpaying and can reduce their property tax bills effectively.

Property Tax Bills Across Waveland, Hancock County, Mississippi

Source: Ownwell

$938

$1,418

$1,897

Median Waveland Tax Bill

$1,603

Median Hancock County Tax Bill

$1,554

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Waveland, Hancock County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39576	$835	$1,092	$1,604	$2,485	$4,124
39520	N/A	N/A	N/A	N/A	N/A

Source: Ownwell