38601 Property Tax Rate

Property owners in ZIP code 38601 (Abbeville, Mississippi) pay a median of $1,353/year in property taxes on homes valued at $219,800. This translates to an effective tax rate of 0.62%, which is 16% below the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38601 is approximately $113, which factors into escrow payments on mortgages. This ZIP code is located within Lafayette County. This is $443 more than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38601 has higher property taxes. ZIP codes with similar effective rates include 39162 (0.62%) and 38858 (0.62%).

In Abbeville, property taxes represent approximately 2.7% of the median household income of $50,568, providing context for the relative tax burden on homeowners in this area.

Mississippi reassesses property at market value upon sale; the Lafayette County assessor will establish a new appraised value based on your purchase price effective the following tax year. The Homestead Exemption in Mississippi provides $7,500 off assessed value for owner-occupied primary residences and is automatic for qualifying homeowners — verify your homestead classification with the Lafayette County Assessor's office within 30 days of closing. Confirm the exemption appears on your assessment notice to ensure your tax bill reflects the $7,500 reduction.