38901 Property Tax Rate

Property owners in ZIP code 38901 (Grenada, Mississippi) pay a median of $1,361/year in property taxes on homes valued at $139,400. This translates to an effective tax rate of 0.98%, which is 33% above the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38901 is approximately $113, which factors into escrow payments on mortgages. This ZIP code is located within Grenada County. This is $451 more than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38901 has lower property taxes. ZIP codes with similar effective rates include 39083 (0.98%) and 38730 (0.99%).

In Grenada, property taxes represent approximately 2.9% of the median household income of $46,956, providing context for the relative tax burden on homeowners in this area.

Mississippi has no statewide property tax cap; the Grenada County Assessor will reassess your property at market value (the purchase price) upon sale, which may result in a significant increase in your annual tax bill. Homeowners age 65+ or permanently disabled qualify for the Homestead Exemption, exempting a percentage of assessed value from taxation — contact the Grenada County Assessor to verify your eligibility and obtain your exemption amount. Request your Notice of Assessment from the Grenada County Assessor and file an appeal with the county board of supervisors within 30 days if you dispute the assessed value.