Oak Vale, Lawrence County, Mississippi Property Taxes

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

Median Oak Vale, MS effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Oak Vale, MS home value: $47,721
Median annual Oak Vale, MS tax bill: $540, $1,860 lower than the national median property tax bill of $2,400.

How are property taxes in Lawrence County calculated?

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

Last Updated March 1, 2025

Oak Vale, Lawrence County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.07%

Estimate Property Tax Bill

$511

$474

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

Property Tax Rates Across Oak Vale, Lawrence County, Mississippi

Local government entities in Mississippi set property tax rates, and these rates can vary significantly across different regions. Annually, Lawrence County calculates its required budget for services and divides it by the total value of all taxable property in the area, which determines the property tax rate. While votes and laws play a role in setting these rates, this is essentially the annual process.

OAK VALE in Lawrence County has an effective property tax rate of 1.07%. This rate matches the highest and lowest median tax rates in Mississippi, reflecting the consistent rates within the county. Compared to the national median property tax rate of 1.02%, OAK VALE's rate is slightly higher, indicating a modestly higher tax burden for property owners. However, the national median property tax bill is $2400, which provides a benchmark for understanding the relative affordability of property taxes in the area. By comparing these rates, property owners can gain insight into how their tax obligations in OAK VALE stack up against other cities in Mississippi and across the United States.

Property Tax Rates Across Oak Vale, Lawrence County, Mississippi

Source: Ownwell

1.01%

1.43%

1.85%

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 Oak Vale Tax Rate

1.07%

Median Effective Lawrence County Tax Rate

1.23%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Oak Vale, Lawrence County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
39656	0.80%	0.83%	1.07%	1.85%	1.85%

Source: Ownwell

Property Tax Assessment Values Across Oak Vale, Lawrence County, Mississippi

When examining property taxes in Oak Vale, 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 Lawrence 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 Lawrence 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 Oak Vale.

For example, the median home price in Oak Vale is $47,721, with tax bills ranging significantly across the county. Zip code 39656 has the highest median home price at $47,721.

Property Tax Assessment Values Across Oak Vale, Lawrence County, Mississippi

Source: Ownwell

$35,490

$46,365

$57,240

Median Oak Vale Market Value

$47,721

Median Lawrence County Market Value

$54,030

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Oak Vale, Lawrence County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
39656	$13,815	$27,355	$47,721	$75,967	$100,111

Source: Ownwell

Property Tax Bills Across Oak Vale, Lawrence County, Mississippi

In Oak Vale, Lawrence County, MS, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Oak Vale is $47,721, and with Mississippi's tax rates being lower than the national median property tax rate of 1.02%, homeowners here generally experience lower tax bills. The tax bill can vary significantly, with the 25th percentile at $332 and the 75th percentile at $796, reflecting differences in property values and assessments. The 90th percentile tax bill reaches $1,494, which is still considerably lower than the national median property tax bill of $2,400. These tax bills can impact homeowners by affecting their overall housing costs and financial planning. Ownwell offers property tax appeal and exemption services that can help homeowners in Oak Vale potentially lower their tax obligations. By ensuring that properties are fairly assessed, Ownwell helps homeowners save money, making property ownership more affordable and manageable.

Property Tax Bills Across Oak Vale, Lawrence County, Mississippi

Source: Ownwell

$437

$545

$652

Median Oak Vale Tax Bill

$540

Median Lawrence County Tax Bill

$556

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Oak Vale, Lawrence County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
39656	$113	$332	$540	$796	$1,494

Source: Ownwell