39051 Property Tax Rate

Property owners in ZIP code 39051 (Carthage, Mississippi) pay a median of $810/year in property taxes on homes valued at $113,000. This translates to an effective tax rate of 0.72%, which is near the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 39051 is approximately $68, which factors into escrow payments on mortgages. This ZIP code is located within Leake County.

Compared to similar ZIP codes in Mississippi, 39051 has lower property taxes. ZIP codes with similar effective rates include 38618 (0.72%) and 39117 (0.72%).

In Carthage, property taxes represent approximately 1.8% of the median household income of $45,777, providing context for the relative tax burden on homeowners in this area.

Mississippi reassesses property at market value upon sale, with no statewide cap on assessment increases for new owners. Leake County provides a Homestead Exemption of $7,500 off assessed value for owner-occupied homes — file with the Leake County Assessor immediately after closing. Request written confirmation of your exemption and check your assessment notice for accuracy within 30 days.