38863 Property Tax Rate

Property owners in ZIP code 38863 (Pontotoc, Mississippi) pay a median of $902/year in property taxes on homes valued at $138,900. This translates to an effective tax rate of 0.65%, which is 11% below the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38863 is approximately $75, which factors into escrow payments on mortgages. This ZIP code is located within Pontotoc County.

Compared to similar ZIP codes in Mississippi, 38863 has higher property taxes. ZIP codes with similar effective rates include 39571 (0.65%) and 39482 (0.65%).

In Pontotoc, property taxes represent approximately 1.8% of the median household income of $51,113, providing context for the relative tax burden on homeowners in this area.

Mississippi has no statewide property tax cap; the Pontotoc County Assessor will reassess your property at market value (the purchase price) upon sale, potentially increasing your annual tax obligation. Homeowners age 65+ or permanently disabled qualify for the Homestead Exemption, which exempts a percentage of assessed value — apply with the Pontotoc County Assessor's office to determine your exemption amount. File an appeal with the Pontotoc County Board of Supervisors within 30 days of receiving your Notice of Assessment if you believe the assessed value does not reflect fair market value.