39755 Property Tax Rate

Property owners in ZIP code 39755 (Pheba, Mississippi) pay a median of $417/year in property taxes on homes valued at $126,500. 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 39755 is approximately $35, which factors into escrow payments on mortgages. This ZIP code is located within Clay County. This is $493 less than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 39755 has lower property taxes. ZIP codes with similar effective rates include 39656 (0.33%) and 39041 (0.32%).

In Pheba, property taxes represent approximately 1.4% of the median household income of $29,770, providing context for the relative tax burden on homeowners in this area.

Mississippi reassesses property at fair market value upon sale, and there is no statewide cap on assessment increases for existing owners. Clay County offers a Homestead Exemption ($300 off assessed value for owner-occupied primary residences) — apply with the Clay County Assessor's office. Submit your homestead exemption claim to the Clay County Assessor right after closing to activate the exemption on your property's assessed value.