39110 Property Tax Rate

Property owners in ZIP code 39110 (Madison, Mississippi) pay a median of $2,472/year in property taxes on homes valued at $342,600. 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 39110 is approximately $206, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $1,562 more than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 39110 has lower property taxes. ZIP codes with similar effective rates include 38671 (0.72%) and 39479 (0.72%).

In Madison, property taxes represent approximately 2.0% of the median household income of $122,955, 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. Madison County offers a Homestead Exemption of $7,500 off assessed value for primary residences — submit your application to the Madison County Assessor's office before your first tax bill. Retain copies of your deed and exemption filing, and appeal to the Madison County Board of Supervisors within 30 days if the assessed value seems excessive.