38913 Property Tax Rate

Property owners in ZIP code 38913 (Banner, Mississippi) pay a median of $339/year in property taxes on homes valued at $155,000. This translates to an effective tax rate of 0.22%, which is 70% below the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38913 is approximately $28, which factors into escrow payments on mortgages. This ZIP code is located within Calhoun County. This is $571 less than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38913 has lower property taxes. ZIP codes with similar effective rates include 38764 (0.23%) and 38949 (0.24%).

Mississippi has no statewide property tax cap; the Calhoun County Assessor will reassess your property at the purchase price or fair market value at the time of sale. Homeowners age 65+ or permanently disabled may claim the Homestead Exemption to reduce the assessed value used for calculating property taxes — contact the Calhoun County Assessor to verify eligibility and file your application. Obtain your Notice of Assessment from the Calhoun County Assessor and submit an appeal to the county board of supervisors within 30 days if the assessed value does not reflect fair market value.