Scobey, Yalobusha County, Mississippi Property Taxes

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

Median Scobey, MS effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Scobey, MS home value: $44,805
Median annual Scobey, MS tax bill: $400, $2,000 lower than the national median property tax bill of $2,400.

How are property taxes in Yalobusha County calculated?

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

Last Updated March 1, 2025

Scobey, Yalobusha County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$399

$370

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

Property Tax Rates Across Scobey, Yalobusha County, Mississippi

Local government entities in Mississippi set tax rates, which can vary widely within the state. This variation occurs because each county annually estimates its required budget to provide services and then divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Scobey, located in Yalobusha County, the effective property tax rate is 0.89%, which is below the national median property tax rate of 1.02%. This rate indicates that Scobey residents may benefit from relatively lower property tax bills compared to other parts of the country. The median property tax bill in the U.S. stands at $2,400, suggesting that property owners in Scobey could potentially enjoy savings in their annual tax expenses. Comparing Scobey’s property tax rate to other cities in Mississippi and the national median offers valuable insight into local tax dynamics and helps property owners make informed financial decisions.

Property Tax Rates Across Scobey, Yalobusha County, Mississippi

Source: Ownwell

0.89%

1.33%

1.76%

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 Scobey Tax Rate

0.89%

Median Effective Yalobusha County Tax Rate

0.96%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Scobey, Yalobusha County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38953	0.46%	0.75%	0.89%	1.73%	1.76%

Source: Ownwell

Property Tax Assessment Values Across Scobey, Yalobusha County, Mississippi

When examining property taxes in Scobey, 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 Yalobusha 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 Yalobusha County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Scobey. For example, the median home price in Scobey is $44,805, with tax bills ranging significantly across the county. Zip code 38953 has the highest median home price at $44,805.

Property Tax Assessment Values Across Scobey, Yalobusha County, Mississippi

Source: Ownwell

$38,866

$46,701

$54,536

Median Scobey Market Value

$44,805

Median Yalobusha County Market Value

$47,647

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Scobey, Yalobusha County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38953	$13,972	$24,678	$44,805	$75,840	$133,800

Source: Ownwell

Property Tax Bills Across Scobey, Yalobusha County, Mississippi

In Scobey, Yalobusha County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Scobey often see tax bills ranging from $254 at the 25th percentile to $1,119 at the 90th percentile, with the median tax bill being $400. This is significantly lower than the national median property tax bill of $2,400, making it relatively affordable for homeowners in the area. However, even with lower rates, property taxes can still be a financial burden. Ownwell offers services that help homeowners in Scobey reduce their property tax bills by ensuring their assessments are accurate and applying for eligible exemptions. By leveraging local expertise and understanding of tax regulations, Ownwell can help homeowners achieve significant savings on their property taxes.

Property Tax Bills Across Scobey, Yalobusha County, Mississippi

Source: Ownwell

$350

$458

$565

Median Scobey Tax Bill

$400

Median Yalobusha County Tax Bill

$443

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Scobey, Yalobusha County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38953	$113	$254	$400	$685	$1,119

Source: Ownwell