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Mississippi Property Tax (2026)

Info: Owner-occupied single-family homes are assessed at 10% of true value and most other real property at 15%; county and local taxing authorities levy the millage, so bills vary by county.

InfoVerified Jul 16, 2026
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Official source: dor.ms.gov →

General legal information, not legal advice — verify important decisions with a licensed attorney.

Property Tax in states bordering Mississippi

The same rule in each neighboring state LawLert has verified, from that state’s own official source.

  • Owner-occupied homes (Class III) are assessed at only 10% of appraised value, then taxed at millage rates set by counties and local taxing agencies — e.g. a $100,000 home at a 32.5-mill county rate owes about $325/year, before homestead exemptions.

    Verified Jul 2, 2026 · Source: revenue.alabama.gov · Full Alabama rule →

  • Set locally: county assessors value property and local taxing districts set millage rates. Amendment 79 relief: homestead tax credit up to $500/yr (rising to up to $600 beginning with 2026 tax bills); after a county-wide reappraisal, taxable assessed value can rise at most 5%/yr for a homestead (10% for other real property); owners 65+ or disabled can freeze their homestead assessed value.

    Verified Jul 6, 2026 · Source: dfa.arkansas.gov · Full Arkansas rule →

  • Levied by the parish/local political subdivision where the property sits — millages are set locally. Residential property is assessed at 10% of fair market value; the homestead exemption covers $7,500 of assessed value ($75,000 of market value) and applies to non-municipal taxes (municipal taxes only in Orleans Parish). Qualifying homeowners 65+ or disabled can freeze their assessed value; the Louisiana Tax Commission oversees assessments. Varies by parish.

    Verified Jul 12, 2026 · Source: house.louisiana.gov · Full Louisiana rule →

  • Tennessee has no state property tax; the county assessor appraises property, a state-set assessment ratio is applied (residential and farm at 25% of appraised value, commercial/industrial at 40%), and the county commission sets the local tax rate per $100 of assessed value.

    Verified Jul 18, 2026 · Source: comptroller.tn.gov · Full Tennessee rule →

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