Petal, Perry County, Mississippi Property Taxes
Median Petal, MS effective property tax rate: 0.98%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Petal, MS home value: $55,360
Median annual Petal, MS tax bill: $406, $1,994 lower than the national median property tax bill of $2,400.
How are property taxes in Perry calculated?
Property taxes in Petal, 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 Petal’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Petal, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Petal, Perry County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$571
$530
Property Tax Rates Across Petal, Perry County, Mississippi
Local government entities in Mississippi determine property tax rates, which can differ significantly across the state. Annually, each county calculates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process, while influenced by votes and laws, is essentially how tax rates and budgets are set each year.
In Petal, located in Perry County, the effective property tax rate is 0.98%. This is slightly below the national median property tax rate of 1.02%. When compared to other cities in Mississippi, Petal's tax rate is consistent with the state’s median rate. This means that property owners in Petal might find themselves paying slightly less than the national average, potentially providing some relief in terms of property tax bills. By understanding these rates, property owners can better anticipate their annual tax obligations and plan accordingly.
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 Petal Tax Rate
1.03%
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 Perry County Tax Rate
1.69%
Median Effective Mississippi Tax Rate
1.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Petal, Perry County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39465 | 0.43% | 0.73% | 1.03% | 1.70% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Petal, Perry County, Mississippi
When examining property taxes in Petal, 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 Perry 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 Perry County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Petal. For example, the median home price in Petal is $55,360, with tax bills ranging significantly across the county. Zip code 39465 has the highest median home price at $55,360.
Property Tax Assessment Values Across Petal, Perry County, Mississippi
Source: Ownwell
$36,130
$45,988
$55,845
Median Petal Market Value
$55,410
Median Perry County Market Value
$40,100
Median Mississippi Market Value
$70,930
Median United States Market Value
$235,294
Property Tax Assessment Values Across Petal, Perry County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39465 | $2,982 | $13,900 | $55,410 | $96,040 | $141,282 |
Source: Ownwell
Property Tax Bills Across Petal, Perry County, Mississippi
In the city of Petal, located in Perry County, Mississippi, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the market value, and the local tax rate is set by governmental authorities to fund public services. Homeowners in Petal face a median property tax bill of $406, which is significantly lower than the national median of $2,400. The property tax rate in this area is influenced by factors such as local government budgets and the need for public services like schools and infrastructure.
High property taxes can be burdensome for homeowners, but Ownwell is here to help. By providing expert property tax appeal services, Ownwell assists homeowners in potentially reducing their tax bills. Our team analyzes property assessments to ensure accuracy and identifies opportunities for exemptions or reductions. With Ownwell's support, homeowners in Petal can navigate the complexities of property taxes and possibly achieve significant savings on their annual bills.
Median Petal Tax Bill
$443
Median Perry County Tax Bill
$363
Median Mississippi Tax Bill
$914
Median United States Tax Bill
$2,400
Property Tax Bills Across Petal, Perry County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39465 | $35 | $135 | $443 | $989 | $1,510 |
Source: Ownwell