Estimate your Mississippi property tax based on the state's 0.63% average effective rate. Enter your home value for an instant, free calculation.
Enter any tax exemption amount you qualify for in Mississippi
Mississippi has a very low effective property tax rate of 0.63%, ranking 41st nationally. Combined with modest home values, Mississippi has some of the lowest property tax bills in dollar terms in the entire country.
Mississippi assesses residential property at 10% of true value. Commercial and industrial property is assessed at 15% and 30% respectively. School district taxes are the largest component of the total mill rate.
| Home Value | Estimated Annual Tax | Monthly (Escrow) |
|---|---|---|
| $250,000 | $1,575 | $131/mo |
| $172,800 (median) | $1,089 | $90/mo |
| $600,000 | $3,780 | $315/mo |
Mississippi offers a homestead exemption of up to $7,500 in assessed value reduction for owner-occupied primary residences. Homeowners 65+ or totally disabled may receive the full $7,500 exemption with no income test.
Mississippi property taxes are due February 1 and become delinquent after March 1.
DeSoto County (Memphis suburbs) has the highest rates in Mississippi due to rapid suburban growth. The Gulf Coast counties (Harrison, Jackson) are among the more expensive in dollar terms.