38701 Property Tax Rate

Property owners in ZIP code 38701 (Greenville, Mississippi) pay a median of $1,131/year in property taxes on homes valued at $118,200. This translates to an effective tax rate of 0.96%, which is 30% above the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38701 is approximately $94, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $221 more than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38701 has lower property taxes. ZIP codes with similar effective rates include 38753 (0.94%) and 38901 (0.98%).

In Greenville, property taxes represent approximately 3.1% of the median household income of $36,998, providing context for the relative tax burden on homeowners in this area.

Mississippi reassesses property at fair market value upon sale; the Washington County assessor will establish a new appraised value from your purchase price. Owner-occupied primary residences automatically qualify for the $7,500 Homestead Exemption in Mississippi — contact the Washington County Assessor immediately after closing to confirm your homestead classification is properly filed. Verify the exemption is reflected on your first property tax bill to ensure you receive the full $7,500 reduction.