38864 Property Tax Rate

Property owners in ZIP code 38864 (Randolph, Mississippi) pay a median of $1,157/year in property taxes on homes valued at $205,000. This translates to an effective tax rate of 0.56%, which is 23% below the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38864 is approximately $96, which factors into escrow payments on mortgages. This ZIP code is located within Pontotoc County. This is $247 more than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38864 has higher property taxes. ZIP codes with similar effective rates include 38652 (0.56%) and 38676 (0.56%).

In Randolph, property taxes represent approximately 2.2% of the median household income of $53,698, 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.