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Mississippi Property Tax Calculator

Applies Mississippi’s effective rate of 0.58% and its $75,000 homestead exemption.

Mississippi property tax estimator

Applies Mississippi’s effective rate of 0.58% and its $75,000 homestead exemption.

Estimated annual tax —
Monthly escrow —
Saved by exemption —

Mississippi at a glance

FigureMississippiSource
Effective property tax rate0.58%[1]
Median home value$198,000[1]
Tax on the median home$1,148[1]
Homestead exemption$75,000[2]

[1] [2] Sources

Effective property tax rate — all 50 states

Mississippi highlighted. Same data as the table below, shown as a distribution so the comparison is visible at a glance.

Effective property tax rate — all 50 states. Mississippi is 0.58%, ranked 36 of 50. The national median is 0.79%, the highest is 1.88% (Illinois), and the lowest is 0.29% (Hawaii). IL 1.88% NJ 1.88% CT 1.54% VT 1.51% NH 1.50% NE 1.44% TX 1.40% OH 1.36% IA 1.33% WI 1.32% NY 1.30% PA 1.26% KS 1.21% MI 1.19% RI 1.12% MA 1.00% MN 1.00% SD 1.00% ME 0.98% AK 0.94% MD 0.92% ND 0.92% MO 0.89% OR 0.81% GA 0.79% OK 0.79% FL 0.78% VA 0.78% IN 0.76% WA 0.75% KY 0.74% CA 0.70% NC 0.66% NM 0.63% MT 0.61% MS 0.58% AR 0.56% LA 0.55% DE 0.54% WY 0.53% TN 0.52% WV 0.51% CO 0.50% ID 0.50% NV 0.50% SC 0.49% AZ 0.48% UT 0.48% AL 0.37% HI 0.29%

Highlighted: Mississippi, ranked 36 of 50. Median 0.79%.

Mississippi property tax by home value

Annual tax at Mississippi's 0.58% effective rate, with and without homestead.

Home valueAnnualMonthlyNo exemption
$75,000$0$0$435
$100,000$145$12$580
$125,000$290$24$725
$150,000$435$36$870
$175,000$580$48$1,015
$200,000$725$60$1,160
$225,000$870$72$1,305
$250,000$1,015$85$1,450
$300,000$1,305$109$1,740
$350,000$1,595$133$2,030
$400,000$1,885$157$2,320
$450,000$2,175$181$2,610
$500,000$2,465$205$2,900
$600,000$3,045$254$3,480
$700,000$3,625$302$4,060
$850,000$4,495$375$4,930
$1,000,000$5,365$447$5,800
$1,250,000$6,815$568$7,250

Worked figures for Mississippi

Mississippi values:

ValueAnnualMonthlyEffective
$100,000$145$120.14%
$150,000$435$360.29%
$200,000$725$600.36%
$250,000$1,015$850.41%
$300,000$1,305$1090.43%
$400,000$1,885$1570.47%
$500,000$2,465$2050.49%
$600,000$3,045$2540.51%
$750,000$3,915$3260.52%
$900,000$4,785$3990.53%
$1,000,000$5,365$4470.54%
$1,500,000$8,265$6890.55%

How Mississippi compares nationally

On effective property tax rate, Mississippi ranks #36 of 50 at 0.58% — 27% below the median of 0.79%. The national range runs from 0.29% (Hawaii) to 1.88% (Illinois).

RankStateEffective property tax rate
#34New Mexico0.63%
#35Montana0.61%
#36Mississippi0.58%
#37Arkansas0.56%
#38Louisiana0.55%

Low effective rate (under 0.6%)s, ranked

Same rule structure as Mississippi:

StateEffective property tax ratevs Mississippi
Mississippi0.58%—
Arkansas0.56%-3.4%
Louisiana0.55%-5.2%
Delaware0.54%-6.9%
Wyoming0.53%-8.6%
West Virginia0.51%-12.1%
Colorado0.50%-13.8%
South Carolina0.49%-15.5%
Arizona0.48%-17.2%
Alabama0.37%-36.2%

Mississippi questions, answered with Mississippi numbers

What is property tax on a median Mississippi home?▾
Mississippi's median home is $198,000 and its effective rate is 0.58%, giving roughly $713 a year — about $59 a month in escrow.
What about a $500,000 home?▾
Approximately $2,465 annually, after Mississippi's $75,000 homestead exemption saves you about $435.
Does Mississippi have a homestead exemption?▾
Yes — $75,000 off assessed value for a primary residence, worth about $435 a year at Mississippi's rate.

Other low effective rate (under 0.6%)s

Alabama Arizona Arkansas Colorado Delaware Louisiana South Carolina West Virginia

Last reviewed 2026-08-26. Mississippi figures only — verify with the relevant Mississippi agency before acting. How this is calculated.