Property tax in Mississippi
The effective rate is about 0.58% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $2,320 a year (our calculation). Rates vary a lot by county and town.
Property tax
0.58%
of home value a year
Tax on a $400,000 home
$2,320
A month
$193
Rank
15 of 51
1 = lowest
| State | Property tax | Rank |
|---|---|---|
| Louisiana | 0.55% | 13 |
| Arkansas | 0.56% | 14 |
| Mississippi | 0.58% | 15 |
| District of Columbia | 0.60% | 16 |
| Montana | 0.61% | 17 |
Common questions
What is the property tax rate in Mississippi?
The effective rate is about 0.58% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $2,320 a year (our calculation). Rates vary a lot by county and town.
Does Mississippi have high property taxes?
Mississippi ranks 15 of 51 (1 = lowest effective rate), based on Tax Foundation's 2024 figures.
See the full monthly cost of a home with the mortgage calculator.
More for Mississippi: monthly budget · take-home pay · rent.