38751 Property Tax Rate

Property owners in ZIP code 38751 (Indianola, Mississippi) pay a median of $940/year in property taxes on homes valued at $126,200. This translates to an effective tax rate of 0.74%, which is near the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38751 is approximately $78, which factors into escrow payments on mortgages. This ZIP code is located within Sunflower County.

Compared to similar ZIP codes in Mississippi, 38751 has higher property taxes. ZIP codes with similar effective rates include 39466 (0.75%) and 38762 (0.74%).

In Indianola, property taxes represent approximately 2.2% of the median household income of $42,965, providing context for the relative tax burden on homeowners in this area.

Mississippi has no statewide property tax cap; your property will be reassessed at market value following purchase, with the Sunflower County Assessor determining the new assessed value based on the sales price. Homeowners age 65+ or permanently disabled qualify for the Homestead Exemption, which reduces the taxable assessed value — apply directly with the Sunflower County Assessor's office to confirm your eligibility. After closing, obtain your Notice of Assessment from the Sunflower County Assessor and file an appeal with the county board of supervisors within 30 days if the assessed value exceeds fair market value.