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How Much Mississippi Homeowners Pay in Property Taxes | Mississippi

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www.thecentersquare.com – Samuel Stebbins, 24/7 Wall St. via The Center Square – 2023-05-11 08:37:18

Home sales surged in the United States in the early months of the pandemic. From the first quarter of 2020 to the second, the homeownership rate in the U.S. climbed from 65.3% to 67.9% – the largest quarterly increase since record keeping began in the mid 1960s. And while owning a home offers several advantages over renting, it also comes with added expenses – not the least of which are property taxes.

Property taxes, specifically those on land and residential structures, are typically levied at the local level – by cities, counties, or school districts. State governments also often impose additional taxes on personal property such as cars or boats.

Typically used for funding public services such as schools, law enforcement, and infrastructure improvements, property taxes are the lifeblood of local communities across the United States. Nationwide, property taxes accounted for 32.2% of all state and local tax revenue in fiscal 2020, more than any other tax, including sales and income taxes. Depending on the state, property taxes account for anywhere from 16.8% to 64.0% of tax revenue. (Here is a look at the counties where families need to budget the most for taxes in every state.)

Exactly how much Americans pay each year in property taxes depends both on their local property tax rate and the value of their property. For example, if a single family home is valued at $200,000 in a given year and the local property tax rate is 1%, the property tax bill would come to $2,000.

With a median home value of $145,600 in 2021, Mississippi has the second least expensive housing market in the country, based on data from the U.S. Census Bureau’s American Community Survey. And according to the Tax Foundation, an independent nonprofit tax policy research organization, the effective property tax rate in Mississippi was 0.67% in 2021, the 15th lowest among the 50 states.

Meanwhile, per capita state and local property tax collections in Mississippi totaled $1,167 in fiscal 2020, compared to $1,810 across the entire country.

All tax data in this story was compiled by the Tax Foundation.

 

Rank State Effective property tax rate, 2021 (%) Per capita state & local prop. tax collections, FY2020 ($) Median home value, 2021 ($)
1 New Jersey 2.23 3,431 389,800
2 Illinois 2.08 2,268 231,500
3 New Hampshire 1.93 3,285 345,200
4 Vermont 1.83 2,860 271,500
5 Connecticut 1.79 3,295 311,500
6 Texas 1.68 2,216 237,400
7 Nebraska 1.63 2,088 204,900
8 Wisconsin 1.61 1,717 230,700
9 Ohio 1.59 1,458 180,200
10 Iowa 1.52 1,806 174,400
11 Pennsylvania 1.49 1,644 222,300
12 New York 1.40 3,118 368,800
13 Rhode Island 1.40 2,449 348,100
14 Michigan 1.38 1,594 199,100
15 Kansas 1.34 1,712 183,800
16 Maine 1.24 2,862 252,100
17 South Dakota 1.17 1,606 219,900
18 Massachusetts 1.14 2,638 480,600
19 Minnesota 1.11 1,776 285,400
20 Maryland 1.05 1,744 370,800
21 Alaska 1.04 2,276 304,900
22 Missouri 1.01 1,114 198,300
23 North Dakota 0.98 1,538 224,400
24 Oregon 0.93 1,730 422,700
25 Georgia 0.92 1,336 249,700
26 Florida 0.91 1,541 290,700
27 Oklahoma 0.89 883 168,500
28 Virginia 0.87 1,830 330,600
29 Washington 0.87 1,727 485,700
30 Indiana 0.84 1,146 182,400
31 Kentucky 0.83 33 173,300
32 North Carolina 0.82 1,082 236,900
33 California 0.75 1,955 648,100
34 Montana 0.74 1,806 322,800
35 New Mexico 0.67 899 214,000
36 Mississippi 0.67 1,167 145,600
37 Tennessee 0.67 845 235,200
38 Idaho 0.67 1,131 369,300
39 Arkansas 0.64 798 162,300
40 Arizona 0.63 1,206 336,300
41 Delaware 0.61 1,049 300,500
42 Nevada 0.59 1,153 373,000
43 Utah 0.57 1,209 421,700
44 West Virginia 0.57 1,002 143,200
45 South Carolina 0.57 1,314 213,500
46 Louisiana 0.56 914 192,800
47 Wyoming 0.56 2,163 266,400
48 Colorado 0.55 1,956 466,200
49 Alabama 0.40 632 172,800
50 Hawaii 0.32 1,556 722,500

 

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News from the South - Oklahoma News Feed

Senators propose bill to curb drug smuggling at southern border | Arizona

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www.thecentersquare.com – By Liam Hibbert | The Center Square contributor – (The Center Square – ) 2025-02-21 18:45:00

(The Center Square) – A bipartisan group of U.S. senators has introduced a bill to use image technicians to ebb the flow of drugs smuggled into the United States from the southern border. 

The Border Enforcement, Security and Trade Facilitation Act of 2025 comes amid increased conversation around border security in President Donald Trump’s second term, and in response to high-profile drug busts on the southern border. It would create technician jobs in border security for five years, but with no clear plan for the future.

The bill is sponsored by U.S. Sens. Mark Kelly, D-Arizona; James Lankford, R-Oklahoma, and John Cornyn, R-Texas.

“Customs and Border Protection needs more trained personnel to stop illegal drugs, weapons and human smuggling from entering our country,” Kelly said in a statement this week. “By adding image technicians to identify threats at ports of entry, we’re giving law enforcement another essential tool to secure the border while keeping trade flowing.”

It is unclear exactly what impact the technology would have on smuggling of drugs or other illicit goods. The bill also left out the program’s cost. Kelly’s press office did not respond to a request for comment from The Center Square on either of these issues. 

Nearly 1,000 pounds of fentanyl – the drug that has become the center point of the substance abuse issue in the U.S. in recent years – was seized along the southwestern border in January 2025. It was the month’s lowest tally since 2022.

“Adding more personnel at ports of entry will immediately provide our country with another layer of security to prevent traffickers from smuggling weapons or drugs across the border,” said Lankford. “Border law enforcement has repeatedly asked for more support to analyze cargo images in real time, so this bill also gives them tools they need to catch criminals and secure our border.”

The program would run for five years, starting from when the bill is passed. No details have yet come out about next steps for the program or the image technicians it would employ. 

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News from the South - North Carolina News Feed

Voluntary retirement plans healthy, among nation’s largest, lowest cost | North Carolina

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www.thecentersquare.com – By David Beasley | The Center Square contributor – (The Center Square – ) 2025-02-20 18:01:00

(The Center Square) – While the pension plan for North Carolina state employees remains underfunded, the same can’t be said for a separate, voluntary 401(k) style programs for public employees, according to a report Thursday.

There are 294,625 employees enrolled in NC 401(k) Plan, and another 57,413 in the NC 457 Plan. Both plans are designed to supplement public pensions. State Treasurer Brad Briner chairs the board that oversees the two programs.

Briner has expressed concern that the state’s pension plans are underfunded by about $16 billion and rank near the bottom nationally in investment performance.

However, the 401(k) and 457 programs are “among the largest and lowest-cost public plans in the country,” the treasurer’s office said in a release.

The 401(k) plan allow public employees to make contributions with pretax payroll deductions. The 457 plan, also through payroll deductions, is a deferred compensation program.

Michael McCann, managing director of Empower, which manages the North Carolina plans, provided an upbeat report to the state’s Supplemental Retirement Board of Trustees.

“From a plan health perspective, everything is looking really good in terms of the trend line,” McCann told the board. “Average participant balances are continuing to increase. The active participation rate is above its historical norm. The active average employee deferral continues to set higher and higher trends in terms of what participants are contributing.”

Even with an aging population and increased retirements, the plans continue to grow, McCann added.

“We’re also replenishing that population, where total unique participant balances continue to increase,” he said. “Last year, was our second best year ever, beating 2023 in terms of total enrollment.”

Another sign of stability of the plans is loan activity – participants borrowing from their accounts – remained consistent in 2024, despite the heavy damage from Hurricane Helene in the western part of the state.

About 2,000 plan participants did take advantage of the Qualified Disaster Relief distributions that were approved by the board last fall. Participants who lived in the disaster areas were allowed to withdraw up to $22,000 without penalties, and can later recontribute some or all of the amounts withdrawn if they choose.

A waiver extension of the board’s administrative fee for 12 months was approved unanimously. A release says the action will save participants $1.7 million over the next year.

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News from the South - Tennessee News Feed

Grant program for artificial intelligence weapons detection in schools proposed | Tennessee

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www.thecentersquare.com – By Kim Jarrett | The Center Square – (The Center Square – ) 2025-02-20 15:17:00

(The Center Square) – The Tennessee Senate will consider legislation that establishes a pilot program for an artificial intelligence weapons detection system.

One of the grant requirements is a loss of life on campus due to gun violence during the 2024-25 school year, which makes Metro Nashville Public Schools the only system eligible, said Sen. Todd Gardenhire, R- Chattanooga, the bill’s sponsor.

A 17-year-old student at Antioch High School killed one student before committing suicide with a gun in January. Another student was injured.

Metro Nashville Public Schools is implementing the Evolv weapons detection system in its schools.

“The system uses low-frequency radio waves and AI technology to scan individuals as they walk through,” the school system said on its website. “If an item is flagged, school staff will conduct a quick secondary check, making the process faster and less invasive than traditional metal detectors.”

The artificial intelligence system can differentiate between other metals such as cellphones and keys and weapons, the school system said.

Antioch High School began testing the technology just days after the shooting.

The Metropolitan Nashville Board of Public Education approved $1.25 million to place the system in all high schools.

The pilot program begins with the 2025-26 school year. The cost to the state for the start of the grant program is $17,000, but the amount of grant funding is unknown, according to the bill’s fiscal note.

The Senate Education Committee approved the bill unanimously on Wednesday. The full Senate will consider it on Monday.

A companion bill in the House of Representatives sponsored by Rep. Antonio Parkinson, D- Memphis, is assigned to the House Education Administration Subcommittee.

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