Rankin County, Mississippi Property Taxes
Census Bureau ACS property tax data for Mississippi. Population: 46,278.
The median annual property tax in Rankin County is $1,384, which is 49% higher than the Mississippi state average and 28% below the national average. The effective tax rate is 0.62% on a median home value of $223,400. Property taxes represent 1.8% of the median household income in this county.
Median Annual Tax
$1,384
+49% vs State
-28% vs US
Median Home Value
$223,400
+75% vs State
+6% vs US
Effective Tax Rate
0.62%
-16% vs State
-35% vs US
With vs Without Mortgage
With Mortgage
$1,512
$126/mo
Without Mortgage
$963
$80/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,384 +4.2% | 0.62% |
| 2022 | $1,328 +8.5% | 0.65% |
| 2021 | $1,224 +7.2% | 0.70% |
| 2020 | $1,142 +5.2% | 0.69% |
| 2019 | $1,086 | 0.67% |
Tax Burden
Tax-to-Income Ratio
1.8%
of median household income
Median Income
$77,454
per year
Monthly Tax
$115
per month
Other Counties in Mississippi
Tishomingo County
Tax: $713/yr Rate: 0.54%
Carroll County
Tax: $702/yr Rate: 0.67%
Attala County
Tax: $675/yr Rate: 0.63%
Wilkinson County
Tax: $691/yr Rate: 0.86%
DeSoto County
Tax: $1,595/yr Rate: 0.64%
Tate County
Tax: $1,328/yr Rate: 0.77%
Frequently Asked Questions
What is the average property tax in Rankin County, Mississippi? ▼
The median annual property tax in Rankin County is $1,384 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.62% on a median home value of $223,400.
How does Rankin County property tax compare to the national average? ▼
Property taxes in Rankin County are 28% below the national average of $1,923. The effective rate of 0.62% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Rankin County? ▼
In Rankin County, homeowners with a mortgage pay a median of $1,512 in annual property taxes, while homeowners without a mortgage pay $963. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Rankin County? ▼
Property taxes in Rankin County represent approximately 1.8% of the median household income of $77,454. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.