38618 Property Tax Rate

Property owners in ZIP code 38618 (Coldwater, Mississippi) pay a median of $1,001/year in property taxes on homes valued at $139,600. This translates to an effective tax rate of 0.72%, which is near the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38618 is approximately $83, which factors into escrow payments on mortgages. This ZIP code is located within Tate County.

Compared to similar ZIP codes in Mississippi, 38618 has higher property taxes. ZIP codes with similar effective rates include 39117 (0.72%) and 39051 (0.72%).

In Coldwater, property taxes represent approximately 1.8% of the median household income of $54,128, providing context for the relative tax burden on homeowners in this area.

Mississippi property is reassessed at market value upon sale; the Tate County assessor will establish a new valuation from your purchase price. The $7,500 Homestead Exemption is available for owner-occupied primary residences and applies automatically in most cases — file any required homestead exemption certification with the Tate County Assessor within 30 days of closing. Confirm the exemption is recorded on your assessment to ensure tax relief on your first bill.