39656 Property Tax Rate

Property owners in ZIP code 39656 (Oak Vale, Mississippi) pay a median of $524/year in property taxes on homes valued at $157,100. This translates to an effective tax rate of 0.33%, which is 55% below the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 39656 is approximately $44, which factors into escrow payments on mortgages. This ZIP code is located within Jefferson Davis County. This is $386 less than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 39656 has lower property taxes. ZIP codes with similar effective rates include 39755 (0.33%) and 38774 (0.34%).

In Oak Vale, property taxes represent approximately 1.3% of the median household income of $40,893, 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. Jefferson Davis County provides a Homestead Exemption of $7,500 off assessed value for owner-occupied homes — apply with the Jefferson Davis County Assessor within 30 days of closing. Document your exemption application and appeal to the Jefferson Davis County Board of Supervisors within 30 days if you dispute the assessment.