38650 Property Tax Rate

Property owners in ZIP code 38650 (Myrtle, Mississippi) pay a median of $1,149/year in property taxes on homes valued at $181,100. This translates to an effective tax rate of 0.63%, which is 13% below the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38650 is approximately $96, which factors into escrow payments on mortgages. This ZIP code is located within Union County. This is $239 more than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38650 has higher property taxes. ZIP codes with similar effective rates include 38672 (0.63%) and 39503 (0.63%).

In Myrtle, property taxes represent approximately 1.6% of the median household income of $70,794, providing context for the relative tax burden on homeowners in this area.

Mississippi reassesses property at market value upon transfer; the Union County assessor will issue a new appraised value based on your purchase price. The $7,500 Homestead Exemption is available for owner-occupied primary residences and applies automatically in Mississippi — verify with the Union County Assessor that your homestead status is correctly recorded before receiving your first tax bill. Contact the assessor's office within 30 days of closing to confirm exemption registration.