Property tax, transfer tax and closing costs in Mississippi

Mississippi has no statewide real estate transfer tax. Annual assessment as of January 1, with county reappraisal on a four-year update cycle.

Reviewed October 15, 2026. Every line links its statute or official source.

What Mississippi sets

Transfer tax: No real estate transfer tax. Source: dor.ms.gov
Who customarily pays: Not stated. No official source confirmed this yet.
Local transfer taxes: Not stated. No official source confirmed this yet.
Reassessment cycle: Annual assessment as of January 1, with county reappraisal on a four-year update cycle. Source: dor.ms.gov
Homestead and other exemptions: Homestead exemption of up to $300 of tax on the first $7,500 of assessed value, and full exemption of the first $7,500 of assessed value for owners 65 and over or disabled. Source: dor.ms.gov
Owner’s title policy: Not stated. No official source confirmed this yet.
How closings run: Attorney closings are customary. Source: msbar.org
Survey: Not stated. No official source confirmed this yet.
Other closing customs: Not stated. No official source confirmed this yet.

No statewide transfer tax

On a $170,000 sale in Mississippi the state charges no transfer tax. Recording fees, title and settlement charges still apply.

Typical property tax in Mississippi

Median real-estate tax paid: $1,215 a year
Per month: $101
Median owner-occupied home value: $169,800
Effective rate they imply: 0.72%

Census American Community Survey five-year file, 2020-2024, tables B25103 and B25077, owner-occupied homes. The median bill rose 27% against the 2015-2019 file. An estimate for a typical home, not yours. Your bill depends on the parcel, its exemptions and the next reassessment.

For agents

Your buyers ask what closing costs in Mississippi and who pays. This page answers from the statute, with the date it was checked. Send it, or embed the calculator on your own site.

Ike lets a licensed real estate agent originate the mortgage on the deals they already close. Expected compensation is about 100 basis points per eligible funded loan once licensed and sponsored. Ike is preparing licenses state by state.

See if you qualify

Get the yearly update for your farm area

One email when Mississippi rates, exemptions or transfer taxes change, and when the next reassessment lands.

Sources

Ike Mortgage LLC. NMLS ID pending. For licensing information, go to: www.nmlsconsumeraccess.org. Nothing on this page is a loan payment, rate, term or down payment, and nothing here is a Loan Estimate.