Property Tax in Mississippi
Homeowners in Mississippi paid a median of $1,221 in real estate taxes in 2024 on a median home value of $186,500 — an effective rate of 0.66%, below the U.S. rate of 0.89%.
Calculate Mississippi property tax for your home
Estimated property tax on homes in Mississippi
Applying the statewide effective rate of 0.655% to different home values. The last column compares with the same home at the U.S. effective rate.
| Home value | Annual tax | Monthly | vs U.S. rate |
|---|---|---|---|
| $150,000 | $982 | $81.88 | −$352 |
| $186,000 (state median) | $1,218 | $101.53 | −$437 |
| $250,000 | $1,638 | $136.46 | −$588 |
| $350,000 | $2,292 | $191.04 | −$822 |
| $500,000 | $3,275 | $272.92 | −$1,175 |
| $750,000 | $4,912 | $409.38 | −$1,762 |
What it adds to a mortgage payment
On a home at the Mississippi median value of about $186,000, with 10% down and a 30-year loan at an example rate of 6.5%, principal and interest come to $1,058.08 a month and property tax adds $101.53 — about 9% of the combined payment, before insurance. Open this scenario in the mortgage calculator to add insurance, PMI and HOA dues.
How Mississippi compares
Mississippi has the 34th-highest effective rate among the 50 states and DC. Its median bill is higher than in 4 other states and lower than in 46. States with the most similar effective rates: New Mexico (0.64%), District of Columbia (0.63%), Montana (0.69%), North Carolina (0.61%).
Why your bill may differ
This is a statewide figure. Rates in Mississippi vary by county, city and school district, and your bill depends on your home’s assessed value and any exemptions you qualify for, such as a homestead exemption. Your county assessor or tax collector can give you the exact rate and assessment for a property. When buying, ask how the home will be reassessed after the sale rather than relying on the seller’s current bill.
About this data
Effective rate = median real estate taxes paid ÷ median value of owner-occupied housing units, from the U.S. Census Bureau’s American Community Survey 2024 1-year estimates (tables B25103 and B25077). These are survey estimates with margins of error, and median taxes are top-coded at $10,000. Read more in property taxes explained.