38637 Property Tax Rate

Property owners in ZIP code 38637 (Horn Lake, Mississippi) pay a median of $1,214/year in property taxes on homes valued at $158,900. This translates to an effective tax rate of 0.76%, which is 4% above the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38637 is approximately $101, which factors into escrow payments on mortgages. This ZIP code is located within DeSoto County. This is $304 more than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38637 has lower property taxes. ZIP codes with similar effective rates include 39556 (0.76%) and 39095 (0.77%).

In Horn Lake, property taxes represent approximately 2.1% of the median household income of $56,847, providing context for the relative tax burden on homeowners in this area.

Mississippi reassesses property at fair market value upon sale; the DeSoto County assessor will establish a new appraised value from your purchase price effective the following tax year. The $7,500 Homestead Exemption applies to owner-occupied primary residences and is typically automatic — contact the DeSoto County Assessor to confirm your homestead classification is properly recorded in their system before your first assessment. File confirmation of homestead exemption eligibility within 30 days of closing to secure the tax reduction.