38870 Property Tax Rate

Property owners in ZIP code 38870 (Smithville, Mississippi) pay a median of $916/year in property taxes on homes valued at $120,800. This translates to an effective tax rate of 0.76%, which is 3% above the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38870 is approximately $76, which factors into escrow payments on mortgages. This ZIP code is located within Monroe County.

Compared to similar ZIP codes in Mississippi, 38870 has lower property taxes. ZIP codes with similar effective rates include 39338 (0.76%) and 38871 (0.76%).

In Smithville, property taxes represent approximately 1.5% of the median household income of $61,875, providing context for the relative tax burden on homeowners in this area.

Mississippi has no statewide property tax cap; the Monroe County Assessor will reassess your property at fair market value (typically the purchase price) immediately upon sale. Homeowners age 65+ or permanently disabled qualify for the Homestead Exemption, exempting a portion of assessed value from school and county taxes — apply with the Monroe County Assessor's office to determine your exemption amount. Obtain your Notice of Assessment from the Monroe County Assessor shortly after closing and submit an appeal to the county board of supervisors within 30 days if you dispute the assessed value.