38963 Property Tax Rate

Property owners in ZIP code 38963 (Tutwiler, Mississippi) pay a median of $332/year in property taxes on homes valued at $71,100. This translates to an effective tax rate of 0.47%, which is 36% below the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38963 is approximately $28, which factors into escrow payments on mortgages. This ZIP code is located within Tallahatchie County. This is $578 less than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38963 has higher property taxes. ZIP codes with similar effective rates include 38954 (0.47%) and 39116 (0.46%).

In Tutwiler, property taxes represent approximately 0.9% of the median household income of $35,441, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 38963, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Tallahatchie County's tax assessor directly.