38753 Property Tax Rate

Property owners in ZIP code 38753 (Inverness, Mississippi) pay a median of $1,267/year in property taxes on homes valued at $134,300. This translates to an effective tax rate of 0.94%, which is 29% above the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38753 is approximately $106, which factors into escrow payments on mortgages. This ZIP code is located within Sunflower County. This is $357 more than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38753 has higher property taxes. ZIP codes with similar effective rates include 38701 (0.96%) and 38635 (0.92%).

In Inverness, property taxes represent approximately 2.4% of the median household income of $53,790, 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.