Mississippi · FIPS 28071 · ACS 2020–2024
Lafayette County, Mississippi property tax rate
Homeowners in Lafayette County paid a median of $1,719 a year in real estate taxes on a median home value of $315,400 (2020–2024 survey). Taxes came to 0.52% of home value, 11% below the Mississippi rate of 0.58% and 45% below the U.S. rate of 0.94%.
- 0.52%Effective tax rate±0.07% margin · Mississippi: 0.58%
- $1,719Median tax per yearMississippi: $1,215 · U.S.: $3,119
- $315,400Median home valueMississippi: $169,800
- 12,145Owner-occupied homes64% of households own
| Measure | Lafayette County | Mississippi | U.S. | Lafayette County 2019–2023 | Change |
|---|---|---|---|---|---|
| Effective tax rate | 0.52% | 0.58% | 0.94% | 0.55% | −0.03 pts |
| Median tax, all owners | $1,719 | $1,215 | $3,119 | $1,672 | +$47 (+2.8%) |
| Median tax, with a mortgage | $1,979 | $1,459 | $3,489 | $2,073 | −$94 (-4.5%) |
| Median tax, no mortgage | $1,558 | $853 | $2,576 | $1,346 | +$212 (+15.8%) |
| Median home value | $315,400 | $169,800 | $332,700 | $260,500 | +$54,900 (+21.1%) |
| Total taxes paid | $27,472,600 | $1,016,183,000 | $360,573,527,500 | $24,588,500 |
How Lafayette County compares
- Per $1,000 of home value, owners here paid about $5.17 a year, against $5.84 statewide and $9.40 nationally.
- Rank in Mississippi: 26 of 62 counties from lowest to highest effective rate (among those with reliable estimates). Nationally, 20% of 2,682 counties had a lower rate.
- Homes with a mortgage: 0.54% of value; homes without one: 0.49%. Median bills: $1,979 and $1,558.
- Compared with the 2019–2023 survey, the effective rate fell (−0.03 pts) and the median tax changed +$47 (+2.8%). The two 5-year surveys share four years of responses, so year-to-year moves are small and partly noise.
- Margin of error: the effective rate is 0.52% ± 0.07% at 90% confidence, from a sample of the 12,145 owner-occupied homes.
Mississippi counties with similar rates
| County | Effective rate | Median tax | Median value |
|---|---|---|---|
| Pontotoc County | 0.50% | $911 | $157,100 |
| Adams County | 0.51% | $974 | $108,700 |
| Scott County | 0.51% | $710 | $106,700 |
| Holmes County | 0.51% | $690 | $80,400 |
| Neshoba County | 0.53% | $893 | $100,000 |
| George County | 0.53% | $1,044 | $166,900 |
| DeSoto County | 0.53% | $1,613 | $269,600 |
| Jefferson Davis County | 0.53% | $800 | $90,100 |
Sources
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table-based summary file: B25090 (aggregate real estate taxes), B25082 (aggregate home value), B25103 (median real estate taxes), B25077 (median home value) and B25003 (tenure); files dated January 29, 2026.
- U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates, same tables (files dated October 31, 2024), for the comparison column.
- Geography names: Census Bureau Geos20245YR.txt (file dated January 22, 2026).
Effective rate = total real estate taxes paid by owner-occupied homes ÷ their total value, as reported by owners to the Census Bureau. It is not a millage rate. Your bill depends on your assessed value, exemptions (such as homestead) and local levies.