Property tax in Mississippi: 0.72%
The median Mississippi homeowner pays $1,215 a year on a home worth $169,800, an effective rate of 0.72%. That ranks 33rd of 51, between Montana (0.72%) and New Mexico (0.7%). At the median state's 0.8% the same $169,800 home would owe $136 more a year.
In dollars, Mississippi has the second-lowest median home value and the 5th-smallest median bill of the 51. By home value it sits between Arkansas ($188,000, taxed at 0.55%) and West Virginia ($162,600, 0.53%).
| Rank | State | Effective rate | Median bill | Median home value |
|---|---|---|---|---|
| 31 | Virginia | 0.73% | $2,790 | $383,700 |
| 32 | Montana | 0.72% | $2,693 | $375,800 |
| 33 | Mississippi | 0.72% | $1,215 | $169,800 |
| 34 | New Mexico | 0.7% | $1,731 | $248,100 |
| 35 | California | 0.7% | $5,124 | $734,700 |
Mississippi property tax by home price
Statewide rate, before any homestead exemption.
| Home value | Per year | Per month | vs. median state (0.8%) |
|---|---|---|---|
| $85,000 (half the median) | $612 | $51 | −$68 |
| $169,800 (median) | $1,223 | $102 | −$136 |
| $255,000 (1.5× the median) | $1,836 | $153 | −$204 |
| $340,000 (twice the median) | $2,448 | $204 | −$272 |
Property tax by county in Mississippi
Hinds County (Jackson), the largest Mississippi county, has an effective rate of 0.92% — above the statewide 0.72%.
| County | Main cities | Population | Effective rate | Median home value | Median tax |
|---|---|---|---|---|---|
| Hinds County | Jackson | 222,494 | 0.92% | $151,200 | $1,389 |