Laurel, Wayne County, Mississippi Property Taxes
Median Laurel, MS effective property tax rate: 1.56%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Laurel, MS home value: $41,390
Median annual Laurel, MS tax bill: $369, $2,031 lower than the national median property tax bill of $2,400.
How are property taxes in Wayne 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, Wayne County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.56%
Estimate Property Tax Bill
$646
$599
Property Tax Rates Across Laurel, Wayne County, Mississippi
Local government entities in Mississippi set tax rates, which can vary widely within the state. This is because annually, each county 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Laurel’s effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi and the U.S.
Laurel, located in Wayne County, has a median property tax rate of 1.56%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other regions within Mississippi, Laurel’s rate stands out, as it is both the highest and lowest median tax rate within the same zip code, 39443. This highlights the variability and unique characteristics of property tax rates within the state. Understanding these rates and how they compare to national figures can provide valuable insights for property owners in the area.
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
1.56%
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 Wayne County Tax Rate
1.56%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Laurel, Wayne County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39443 | 0.50% | 0.77% | 1.56% | 1.59% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Laurel, Wayne 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 Wayne 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 Wayne 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 $41,390, with tax bills ranging significantly across the county. Zip code 39443 has the highest median home price at $41,390.
Property Tax Assessment Values Across Laurel, Wayne County, Mississippi
Source: Ownwell
$18,010
$29,700
$41,390
Median Laurel Market Value
$41,390
Median Wayne County Market Value
$30,525
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Laurel, Wayne County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39443 | $4,265 | $8,755 | $41,390 | $97,878 | $161,070 |
Source: Ownwell
Property Tax Bills Across Laurel, Wayne County, Mississippi
Median Laurel Tax Bill
$369
Median Wayne County Tax Bill
$321
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Laurel, Wayne County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39443 | $62 | $126 | $369 | $854 | $1,524 |
Source: Ownwell