Laurel, Jasper County, Mississippi Property Taxes

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

Median Laurel, MS effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Laurel, MS home value: $65,110
Median annual Laurel, MS tax bill: $467, $1,933 lower than the national median property tax bill of $2,400.

How are property taxes in Jasper County calculated?

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

Last Updated March 1, 2025

Laurel, Jasper County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.97%

Estimate Property Tax Bill

$690

$640

Ownwell’s Laurel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Laurel with just two data points. By entering your property's estimated assessed value, our calculator applies Laurel’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 Jasper County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Laurel, Jasper County, Mississippi

Local government entities set tax rates, and these can vary significantly within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws influence the setting of tax rates and budgets, this is the annual process in a nutshell. In Laurel, located in Jasper County, Mississippi, the property tax rates reflect this calculation method. When comparing Laurel's effective property tax rate to other cities in Mississippi, it becomes evident that variations exist. The median property tax rate in Mississippi is lower than the national median, which stands at 1.02%. However, in some areas within Mississippi, property tax rates can reach as high as 1.72%, which is significantly above the state median. Understanding these differences is crucial for homeowners, as property tax bills can greatly impact overall homeownership costs. By staying informed about local property tax rates and exploring potential appeals and exemptions, homeowners can ensure they are not overpaying on their property taxes.

Property Tax Rates Across Laurel, Jasper County, Mississippi

Source: Ownwell

0.91%

1.47%

2.02%

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 Laurel Tax Rate

0.97%

Median Effective Jasper County Tax Rate

1.18%

Median Effective Mississippi Tax Rate

1.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Laurel, Jasper County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39440	1.71%	1.77%	1.80%	2.03%	2.05%
39443	0.36%	0.76%	0.96%	1.69%	1.77%

Source: Ownwell

Property Tax Assessment Values Across Laurel, Jasper County, Mississippi

When examining property taxes in Laurel, Mississippi, 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 Jasper 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 Jasper 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 Laurel. For example, the median home price in Laurel is $65,110, with tax bills ranging significantly across the county. Zip code 39440 has the highest median home price at $52,535.

Property Tax Assessment Values Across Laurel, Jasper County, Mississippi

Source: Ownwell

$44,690

$62,240

$79,790

Median Laurel Market Value

$71,110

Median Jasper County Market Value

$62,370

Median Mississippi Market Value

$70,930

Median United States Market Value

$235,294

Property Tax Assessment Values Across Laurel, Jasper County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39440	$12,880	$43,690	$53,830	$86,815	$170,336
39443	$14,358	$37,410	$71,300	$111,580	$170,334

Source: Ownwell

Property Tax Bills Across Laurel, Jasper County, Mississippi

In Laurel, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is applied to this assessed value to determine the final bill. Homeowners in Laurel, part of Jasper County, can expect a range of tax bills. The 25th percentile tax bill is $155, while the 75th percentile reaches $966, and the 90th percentile can be as high as $1,582. These figures highlight the variability in property taxes, influenced by factors such as property size, location, and improvements. Compared to the national median property tax bill of $2,400, Laurel's tax bills are relatively lower, providing some relief to homeowners. However, ensuring that the assessed value of a property is accurate is crucial in preventing overpayment. Here, Ownwell can assist homeowners by offering property tax appeal services to potentially lower their assessed values and secure exemptions, ultimately reducing their property tax bills and saving money.

Property Tax Bills Across Laurel, Jasper County, Mississippi

Source: Ownwell

$543

$834

$1,124

Median Laurel Tax Bill

$666

Median Jasper County Tax Bill

$694

Median Mississippi Tax Bill

$914

Median United States Tax Bill

$2,400

Property Tax Bills Across Laurel, Jasper County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39440	$241	$808	$1,010	$1,459	$2,229
39443	$160	$301	$648	$1,164	$1,804

Source: Ownwell