38631 Property Tax Rate

Property owners in ZIP code 38631 (Friars Point, Mississippi) pay a median of $914/year in property taxes on homes valued at $72,800. This translates to an effective tax rate of 1.26%, which is 71% above the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38631 is approximately $76, which factors into escrow payments on mortgages. This ZIP code is located within Coahoma County.

Compared to similar ZIP codes in Mississippi, 38631 has higher property taxes. ZIP codes with similar effective rates include 39307 (1.24%) and 39204 (1.24%).

In Friars Point, property taxes represent approximately 3.4% of the median household income of $26,938, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 38631, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Coahoma County's tax assessor directly.