Buying a home in Mississippi
Property taxes, transfer taxes, home values and first-time buyer help in Mississippi.
For home buyers in Mississippi: the taxes and typical costs of buying, with official sources.
At Mississippi's effective rate of 0.72%, a typical $194,531 home would owe about $1,401/year ($117/month) in property taxes. Actual bills depend on your county, city and exemptions. Run your numbers.
Mississippi Home Corporation
Your state housing finance agency offers down payment assistance and low-rate mortgages for eligible buyers. Visit Mississippi Home Corporation →
Next steps
Sources: U.S. Census Bureau ACS 2020–2024 5-year (B25103, B25077); Zillow Home Value Index; TallyClose closing-cost dataset (CC BY 4.0), which cites each state statute; NCSHA HFA directory. Last updated 2026-11-01.
Common questions
What is the property tax rate in Mississippi?
The effective property tax rate in Mississippi is 0.72%: the median tax of $1,215 divided by the median home value of $169,800 (U.S. Census Bureau ACS 2020–2024).
What is a typical home value in Mississippi?
$194,531 in September 2026, according to the Zillow Home Value Index.
Does Mississippi have a real estate transfer tax?
No. Mississippi has no state real estate transfer tax, although recording fees apply and some local governments may add their own taxes.
Who offers first-time homebuyer help in Mississippi?
Mississippi Home Corporation, the state housing finance agency, offers down payment assistance and lower-rate loans for eligible buyers.
Updated . Official sources: U.S. Census Bureau ACS, Zillow Research ZHVI.
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