39116 Property Tax Rate

Property owners in ZIP code 39116 (Mize, Mississippi) pay a median of $695/year in property taxes on homes valued at $149,800. This translates to an effective tax rate of 0.46%, which is 37% below the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 39116 is approximately $58, which factors into escrow payments on mortgages. This ZIP code is located within Smith County. This is $215 less than the Mississippi average of $910/year.

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

In Mize, property taxes represent approximately 1.0% of the median household income of $71,855, 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. Smith County offers a Homestead Exemption of $7,500 off assessed value for primary residences — file with the Smith County Assessor's office within 30 days of closing. Document your exemption filing and appeal to the Smith County Board of Supervisors within 30 days if the assessed value seems high.