38774 Property Tax Rate

Property owners in ZIP code 38774 (Shelby, Mississippi) pay a median of $282/year in property taxes on homes valued at $82,400. This translates to an effective tax rate of 0.34%, which is 53% below the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38774 is approximately $24, which factors into escrow payments on mortgages. This ZIP code is located within Bolivar County. This is $628 less than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38774 has higher property taxes. ZIP codes with similar effective rates include 39772 (0.34%) and 39656 (0.33%).

In Shelby, property taxes represent approximately 1.3% of the median household income of $21,689, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 38774, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Bolivar County's tax assessor directly.