38627 Property Tax Rate

Property owners in ZIP code 38627 (Etta, Mississippi) pay a median of $1,705/year in property taxes on homes valued at $137,500. This translates to an effective tax rate of 1.24%, which is 69% above the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38627 is approximately $142, which factors into escrow payments on mortgages. This ZIP code is located within Lafayette County. This is $795 more than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38627 has lower property taxes. ZIP codes with similar effective rates include 39204 (1.24%) and 39307 (1.24%).

In Etta, property taxes represent approximately 2.4% of the median household income of $69,732, 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.