38606 Property Tax Rate

Property owners in ZIP code 38606 (Batesville, Mississippi) pay a median of $846/year in property taxes on homes valued at $147,500. This translates to an effective tax rate of 0.57%, which is 22% below the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38606 is approximately $71, which factors into escrow payments on mortgages. This ZIP code is located within Panola County.

Compared to similar ZIP codes in Mississippi, 38606 has higher property taxes. ZIP codes with similar effective rates include 39741 (0.57%) and 39562 (0.57%).

In Batesville, property taxes represent approximately 1.5% of the median household income of $55,333, providing context for the relative tax burden on homeowners in this area.

Mississippi property is reassessed at market value upon sale; expect the Panola County assessor to issue a new valuation based on your purchase price by the following tax year. Owner-occupied primary residences qualify for Mississippi's Homestead Exemption ($7,500 off assessed value) — this exemption is automatic, but confirm with the Panola County Assessor that your homestead status is correctly recorded in their system. Verify the $7,500 exemption appears on your first property tax bill.