Gloster, Wilkinson County, Mississippi Property Taxes
Median Gloster, MS effective property tax rate: 1.97%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Gloster, MS home value: $13,186
Median annual Gloster, MS tax bill: $239, $2,161 lower than the national median property tax bill of $2,400.
How are property taxes in Wilkinson calculated?
Property taxes in Gloster, 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 Gloster’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gloster, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gloster, Wilkinson County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.97%
Estimate Property Tax Bill
$260
$241
Property Tax Rates Across Gloster, Wilkinson County, Mississippi
Local government entities set property tax rates, which can vary widely within a state. Each year, counties estimate their required budgets for services and divide that by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Gloster, located in Wilkinson County, the effective property tax rate is notable. Compared to other cities in Mississippi, Gloster's rate is distinct, with the median property tax rate for the state being 1.97%. This is significantly higher than the national median property tax rate of 1.02%. The tax burden in Gloster is also reflected in the property tax bills, which surpass the national median bill of $2,400. This disparity highlights the importance of understanding local tax rates and exploring options for property tax appeals and exemptions. By doing so, property owners can potentially reduce their tax liabilities and achieve savings.
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 Gloster Tax Rate
1.97%
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 Wilkinson County Tax Rate
1.92%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gloster, Wilkinson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39638 | 1.92% | 1.93% | 1.97% | 1.97% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Gloster, Wilkinson County, Mississippi
When examining property taxes in Gloster, 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 Wilkinson County Tax Assessor 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 Wilkinson 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 Gloster. For example, the median home price in Gloster is $13,186, with tax bills ranging significantly across the county. Zip code 39638 has the highest median home price at $13,186.
Property Tax Assessment Values Across Gloster, Wilkinson County, Mississippi
Source: Ownwell
$13,186
$16,329
$19,471
Median Gloster Market Value
$13,186
Median Wilkinson County Market Value
$17,148
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gloster, Wilkinson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39638 | $1,616 | $3,585 | $13,186 | $34,922 | $89,425 |
Source: Ownwell
Property Tax Bills Across Gloster, Wilkinson County, Mississippi
Median Gloster Tax Bill
$239
Median Wilkinson County Tax Bill
$242
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Gloster, Wilkinson County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39638 | $32 | $70 | $239 | $633 | $1,416 |
Source: Ownwell