Property Taxes in Mississippi: Rates, Exemptions, and How They Work (2026)
TL;DR
Mississippi has low property taxes with an average effective rate of about 0.63%. Residential property is assessed at 10% of true value, with an additional 15% assessment ratio applied in some contexts. The homestead exemption exempts the first $7,500 of assessed value from all ad valorem taxes (covering about $75,000 in market value). Seniors 65+ with income under $75,000 are completely exempt from property taxes. County tax assessors handle valuations. Appeal to the county Board of Supervisors.
Assessment Ratios
| Property Type | Assessment Ratio |
|---|---|
| Single-family residential | 10% |
| Other residential | 15% |
| Commercial/industrial | 15% |
| Motor vehicles | 30% |
| Utility | 30% |
Exemptions
| Exemption | Benefit | Who Qualifies |
|---|---|---|
| Regular Homestead | $7,500 off assessed value | Owner-occupied primary residence |
| Senior Citizen Exemption | Full property tax exemption | 65+ with adjusted gross income under $75,000 |
| Disabled Veterans | Full exemption | 100% service-connected disabled or surviving spouse |
| Disabled (non-veteran) | $7,500 off assessed value | Totally disabled homeowner |
Appeal
- County Board of Supervisors: File complaint during the equalization period
- Circuit Court: Further appeal within statutory period
Check your Mississippi assessment with our free property tax analyzer.