Central Mississippi Real Estate and Community News

Are you looking for a home for sale in best ZIP CODE in Mississippi!  Well, make sure 39110 is on your list!  Madison, MS is the premier city to live in Mississippi and it has just one zip code....you guessed it....39110.  In January 2022, we took on the task of making a YouTube tour for every neighborhood in Madison, MS to help you decide which is best.  We are still working on those videos because there are a lot! Make sure you check out our YT Channel HERE!  

In our Video, we break down why Madison is the best City in Mississippi, so be sure and check it out.

 Last week, the Mayor of our city shared an article written by USA today that picked the best city in each state.  The article created a weighted index of over two dozen measures to identify the best city to live for each state.  It considered all cities and towns with a minimum population of 8,000 residents.  Some of the factors they weighed in on are affordability, economy, quality of life, safety, schools, etc.

The cities they chose tended to be close proximity to a major city, thereby providing it’s residents with access to job opportunity, healthcare, transportation, which all help in lowering unemployment and improve overall financial security…which in my opinion is the number one thing you should be looking for when considering relocating to a new town.  So, it’s no wonder this article picked Madison MS as the best city to live in our state.  The article didn’t go into a lot of detail for each city, but don’t worry, I plan to pick up where the article left off and try to give you some visual insight into why people are picking Madison! I’ll cover some obvious choices and then I’ll also share some of my personal thoughts on this!

First, let me tell you a little about Madison.  Madison is less than 20 miles north of the capital city of Jackson with a population of approximately 30,000 people and the average household income of $114k…which is nearly double the national median.  When you couple that with a median home price of $280k and a home ownership rate of 95%, you really do wind up with well maintained neighborhoods and a high standard of living.  By the way, I’m getting most of my stats from niche.com, where you can look at these metrics for any zip code…be sure and check it out for zip code 39110….which is the only zip code for Madison. 

Why people might consider Madison, Mississippi as a great city to move to:

1.Quality of Life: Madison is often regarded as one of the best places to live in Mississippi due to its high quality of life. It has a low crime rate, good schools, and various recreational activities, making it an attractive choice for families and individuals alike.

2. Strong Economy: Madison has experienced steady economic growth in recent years, providing residents with ample job opportunities and a stable economy.

3. Community and Culture: The city boasts a welcoming and tight-knit community. Madison hosts numerous events and festivals, fostering a sense of togetherness among its residents.

4. Natural Beauty: Mississippi is known for its scenic landscapes, and Madison is no exception. The city offers plenty of green spaces, parks, and opportunities for outdoor activities.

5. Proximity to Jackson: Madison is located just a short drive away from the state capital, Jackson. This provides residents with access to additional amenities, entertainment options, and healthcare facilities.

6. Real Estate: The cost of living in Madison is generally lower compared to larger cities across the nation. Housing prices may be more affordable, making it an appealing option for those looking to settle down.

7. Education: Madison is served by the Madison County School District, which is highly regarded for its educational programs and facilities.

8. Business-Friendly Environment: Mississippi is often recognized as a business-friendly state with various incentives and low taxes, making it attractive to entrepreneurs and business owners.

9.Another A+ rating for Madison, is the school system.  Madison County Schools are highly regarded for the its quality education. 

Here's a Link To All Madison Subdivisions.

Madison, MS, is a thriving community with a variety of beautiful neighborhoods that offer something for everyone, from luxurious estates to affordable family homes. As a local real estate expert, I’ve helped countless clients find the perfect home in Madison, and I’m ready to do the same for you.

Whether you're relocating for work, looking for a change of scenery, or searching for your forever home, Madison has options to suit your lifestyle and budget. Don’t let the perfect home slip away—inventory moves quickly, and the best properties often sell fast.

If you’re interested in exploring homes for sale in Madison or have any questions about the area, I’m here to help. Give me a call today, and let’s discuss how I can assist you in finding the home of your dreams in one of Mississippi's most sought-after communities.

Contact Taylor Realty Group today at 601-613-9100 or visit www.taylorgroupms.com to get started on your home-buying journey.

Discover the Top 5 Neighborhoods in Madison, MS

If you’re considering moving to the Jackson, MS area, you've likely heard that Madison is one of the best places to live. As a local real estate expert, I often receive calls from professionals relocating to work at one of the Major Hospitals or other major employers in the area. They often ask, “Is Madison really the best place to live?” My answer is always a resounding "Yes!" Madison consistently ranks as one of the top cities in Mississippi for quality of life, safety, and community amenities.

But the next question is usually, "What are the best neighborhoods in Madison, MS?" This is a subjective question, of course, but today, I’m diving into the data to give you an informed answer. Using real estate analytics from the MLS, I’ve compiled a list of the top 5 neighborhoods in Madison based on home sales over the last two years. So, let's explore what makes each of these neighborhoods stand out.

1. Lake Caroline

Topping the list is Lake Caroline, with over 200 homes sold in the past 24 months. This expansive community offers something for everyone, with home prices ranging from $300,000 to $1million. The average home price here is around $410,000, making it accessible to a broad range of buyers. Lake Caroline is located west of Interstate 55 and is about a 30-minute drive from downtown Jackson.

This neighborhood is a standout due to its array of amenities, including its very affordable golf course, tennis courts, pools, and lakes, providing residents with plenty of recreational options. With over 1,900 homes built since the late 1990s and ongoing construction, Lake Caroline remains a popular choice for those seeking a vibrant community with lots of housing options. There's even a restaurant "the Mermaid Cafe" in Lake Caroline for those that like to stay close to home! Check out my detailed Neighborhood Tour video for more insights and stunning drone footage of Lake Caroline!

Here's my tour of Lake Caroline video

2. Reunion

Coming in at a close second is Reunion, with 122 homes sold over the past two years. This neighborhood is the epitome of luxury living, with home prices ranging from $400,000 to over $1 million, and an average price of $583,000. Homes in Reunion vary in size, from 2,000 to over 5,000 square feet, with the average home being about 3,600 square feet.

Located just west of Interstate 55, Reunion is also a 30-minute drive from downtown Jackson. What sets Reunion apart is its top-notch amenities, including a 33,000 square foot clubhouse, award-winning golf course, pools, tennis courts, playgrounds, and even a small beach. The community is known for its active social calendar, with regular events like food truck nights. Be sure to check out to my YouTube channel neighborhood tour of Reunion!

Here's My neighborhood tour of Reunion

3. Thornberry, Silverleaf, and Westlake

The third spot is shared by Thornberry, Silverleaf, and Westlake—three neighboring communities off Deweese Road in Gluckstadt, on the west side of I-55. These neighborhoods are part of a large 510-acre development that began about five years ago, and there’s still plenty of new construction happening.

In the past two years, over 90 homes were sold in these neighborhoods at an average price of $491,000. These communities offer both custom and spec homes, making them ideal for those interested in new construction. If you're looking for a new build with modern features, these neighborhoods should definitely be on your radar.

And here's a tour of Thornberry

4. Grayhawk

Next on the list is Grayhawk, where 52 homes have been sold in the last two years with an average price point of $372,000. This makes Grayhawk the most affordable option on our top 5 list. Located on the west side of Interstate 55 and just a mile from Germantown High School, Grayhawk is a great option.

Homes in Grayhawk are typically around 2,500 square feet and were mostly built within the last 10 years. The neighborhood offers a community pool, a pavilion with restrooms, and a playground, providing a strong sense of community and plenty of opportunities for recreation.

5. Wright’s Mill

Rounding out the list is Wright’s Mill, located on the east side of Interstate 55 along the Rice Road corridor, just off the Natchez Trace. I chose to include Wright’s Mill because of its unique charm and quieter, less congested location. While it technically ranks sixth in terms of sales, with 30 homes sold at an average price of $461,000, it stands out for its serene setting and character-filled homes.

Wright’s Mill is best known for its iconic water wheel at the entrance and offers a gated community with a stunning zero-entry resort-style pool. If you appreciate mature trees and a bit more privacy, this neighborhood might be the perfect fit for you.

Here's a tour of Wrights Mill

Final Thoughts

Madison, MS, offers a wide variety of neighborhoods, each with its own unique appeal. Whether you’re looking for luxury, community amenities, or new construction, there’s something here for everyone. If you want to explore homes for sale in these neighborhoods or others, visit my website at taylorgroupms.com to start your search today!

If you're looking for a Home for Sale in Madison MS, you've come to the right place, reach out today and let's connect.

Taylor Realty Group

601-613-9100

Why Choose Lewis Farms?

Today, we are touring a brand-new development in Madison.  A neighborhood so new, it was hard for me to find any details online.  So, I’ll share with you what I found, and we’ll do a walk thru of the first home that just completed construction yesterday.  Stay tuned while we tour Madison’s newest neighborhood, Lewis Farms.

Location - Situated right off Catlett Rd (Just outside the city limits of Madison,MS), Lewis Farms will be a small neighborhood of approximatley 110 homes.  It will likely be very low HOA fee structure because they aren't planning on any type of neighborhood amenities, which is great if you’re looking for a smaller, affordable neighborhood in the Madison School District.

Schools - It’s zoned for Mannsdale Elementary School and Germantown Middle and High Schools.  St. Anthony and St Joe Catholic schools are also about 5 miles south off Bozeman Rd.

Spacious Lots and Homes - The homes will range in price from $360k to $450k and will have a mix of 3- and 4-bedroom homes ranging in size from 1800-2200 sq feet.  Some of the homes will have a 2-car garage and some will have a full 3 car garage. The lot sizes will be 1/4 to 1/2 acre in size.  And while there is currently only one home listed, there will be more coming very soon, so if you’re thinking about new construction, go ahead and reach out to us and let’s get a plan together.  This price point is selling very fast in this area, sometimes before they ever hit the market! 

Distance to Grocery and Shopping - For those of you wondering how far Lewis Farms is to the nearest grocery store, it's exactly 2.3 miles to Sullivan's Grocery where there are also several options for dining and shopping.  It's also 5 miles to the city center of Madison.   

This home just hit the market last week and is listed by Leslie LeDoux of LeDoux Properties. It’s listed for $359,000 and is 3 bedroom/2 bath and 1,825 sq feet.  Let’s check it out!

Closing: 

I hope you enjoyed today’s tour of Lewis Farms! I get calls all the time from people looking for their dream home in the Madison area. So, reach out to me if you are looking at buying in or around Central Mississippi or would like to know more.  To check out all the active listings in Lewis Farms, click this link : Lewis Farms Listings

Taylor Realty Group

601-613-9100

Discovering Florence, MS: A Community with Southern Charm

Introduction

Nestled in the heart of Rankin County, Florence, MS, is a town where Southern charm and community spirit thrive. Just a short drive from Jackson, Florence offers the perfect blend of small-town living with easy access to city amenities. Whether you're a long-time resident or considering a move, Florence is a place where everyone feels at home.

Education and Schools

Florence is home to several top-rated schools that are a source of pride for the community in the Rankin County School District. The public schools in the area are known for their dedicated staff and excellent programs, which provide students with a well-rounded education. For those seeking private education, there are also options available like Discovery Christian School, ensuring that families can find the right fit for their children.

The community’s commitment to education is evident in the strong support local schools receive from residents and businesses alike. Whether through volunteer programs, school events, or community partnerships, there’s a collective effort to ensure that the children of Florence have every opportunity to succeed.

Parks and Recreation

Outdoor enthusiasts will find plenty to love about Florence. The town boasts several parks and recreational facilities where residents can enjoy the beauty of the Mississippi landscape. From well-maintained trails to playgrounds and picnic areas, there’s something for everyone to enjoy.

Florence also offers a variety of youth sports programs, community leagues, and recreational activities that keep the town’s younger residents active and engaged. Whether it’s a weekend soccer game or a summer camp, these programs help foster a strong sense of community and teamwork among the youth of Florence.

Local Businesses and Economy

One of the things that make Florence unique is its support for local businesses. The town is home to a variety of shops, restaurants, and services that are integral to the community. Whether you’re grabbing a bite to eat at a local diner or shopping at a family-owned store, you’ll find that Florence’s businesses are a reflection of its warm and welcoming spirit.

In recent years, Florence has seen steady economic growth, with new businesses and developments contributing to the town’s vitality. This growth has created new opportunities for residents and has helped Florence maintain its charm while embracing the future.

Real Estate Insights

Florence offers a range of housing options, from charming historic homes to modern new developments. Whether you're looking for a cozy starter home or a spacious property with room to grow, Florence has something to offer. The town’s affordable real estate market makes it an attractive option for families, first-time buyers, and anyone looking to enjoy the benefits of small-town living with all the conveniences of nearby Jackson.

Choosing to live in Florence means choosing a community where the beauty of Southern living is evident in every corner of the town.

Conclusion

Florence, MS, is more than just a place to live—it's a place to call home. With its strong sense of community, excellent schools, beautiful parks, and vibrant local businesses, Florence offers a quality of life that’s hard to find anywhere else. Whether you’re new to the area or a lifelong resident, Florence is a town where you’ll always feel welcome.

Call to Action

If you’re interested in learning more about Florence, MS, or if you’re ready to find your dream home in this charming community, reach out to us at Taylor Realty Group. We’re here to help you every step of the way. Contact us today to discover all that Florence has to offer!

For a list of Homes for Sale in Florence, MS, click this link: 

Taylor Realty Group

601-613-9100

Discover Your Dream Home at Lennon Farms in Pisgah, Mississippi

If you're searching for a home with a bit of acreage in Central Mississippi, look no further than Lennon Farms in the Pisgah community, just outside of Brandon, MS. This charming new neighborhood offers the perfect blend of rural tranquility and modern living, making it an ideal choice for families and individuals alike.

Why Choose Lennon Farms?

Lennon Farms is a boutique development featuring only 15 exclusive lots, each ranging in size from 1 acre to nearly 2 acres. This ensures a spacious and serene environment for homeowners. All the homes in this community are new constructions, providing you with the latest in design and energy efficiency.

Current Listings at Lennon Farms
There are currently four active listings in Lennon Farms, priced between $446,000 and $464,000 all on 2 acre lots. Each home offers generous square footage, ranging from 2,230 to 2,320 square feet, and includes 4 bedrooms and 3 bathrooms. These homes are designed to provide ample space for your needs and offer beautiful finishes and features that you will love.

Prime Location and Amenities

Lennon Farms is located within the highly sought-after Pisgah school district, which is part of the Rankin County School District. This makes it an excellent choice for families with school-aged children.

Although the neighborhood is situated on the outskirts of town, it is just a 15-20 minute drive to grocery stores and shopping centers. For those who enjoy dining out, there are a few locally-owned restaurants that are only about a 3-minute drive away. One local favorite is Sunset Grill, a waterfront restaurant on the Ross Barnett Reservoir, offering delicious meals with a view.

For outdoor enthusiasts, Lennon Farms is conveniently located near public boat launches, campgrounds, and walking trails, providing plenty of opportunities for recreational activities and fun.

Explore Homes in Lennon Farms

We invite you to explore the beautiful homes available at Lennon Farms and see for yourself what makes this community so special. Whether you're moving from out of town or looking to upgrade your current living situation, Lennon Farms offers an incredible opportunity to own a piece of paradise in Central Mississippi.

Get in Touch

If you're interested in learning more about Lennon Farms or other real estate opportunities in the Brandon area, feel free to reach out. I'm Tinsley Mitchell with Living in Central MS, and I’m here to help you find your dream home. Here's a link to the active listings in Lennon Farms, check it out and get in touch!

Thank you for joining me on this tour of Lennon Farms. Be sure to check out our next blog post for more exciting real estate opportunities in Central Mississippi!

Taylor Realty Group

601-613-9100

Discover Whittington: Madison’s Premier Neighborhood

Are you searching for a luxurious neighborhood in Madison, Mississippi, that's as convenient as it is beautiful? Look no further than Whittington. Located just off the Madison Exit on Interstate 55, Whittington is one of the most conveniently located neighborhoods in the City of Madison. Join us as we explore everything this high-end community has to offer.

Prime Location and Elegant Homes

Whittington is a newer, gated subdivision featuring stately homes, most of which have 4 to 5 bedrooms and 4 bathrooms, situated on lots ranging from a quarter to a third of an acre. The neighborhood is characterized by its lush green spaces, mature trees, and welcoming sidewalks perfect for daily strolls.

One of Whittington’s greatest assets is its proximity to an abundance of shopping and dining options. Within a 2-mile radius, residents have access to over 40 restaurants and numerous shops. Nearby conveniences include Lowe's, Academy Sports, Walmart, Sam's Club, Home Depot, and a variety of boutique stores.

Current Real Estate Market in Whittington

As of now, there are seven active listings in Whittington, all of which are new constructions. Prices range from $740,000 to $999,000. The neighborhood is relatively small, with approximately 100 homes, and the final phase of construction is currently underway. The recently built neighborhood pool adds to the community's appeal, and HOA dues are currently $1,250 per year.

Whittington is located in the highly rated Madison Avenue Elementary School zone, which boasts an A- rating on Niche.com and is served by Madison Central High School, making it an excellent choice.

Build Your Dream Home in Whittington

For those interested in building a custom home, Whittington offers eight lots for sale. Prices for these lots range from $85,000 to $95,000 for a .3 acre lot, with two larger lots priced at $155,000 and $178,000, closer to a full acre. This opportunity makes Whittington perfect for those who desire a more personalized touch to their home.

Real Estate Insights

Over the past twelve months, only a few homes have sold in Whittington due to the custom nature of the community. If you prefer unique homes over cookie-cutter designs, Whittington is the neighborhood for you.

Conclusion

We hope you enjoyed our tour of Whittington, one of Madison’s most sought-after neighborhoods. If you’re considering moving to the Madison area or looking to buy in Central Mississippi, please reach out. We’re here to help with all your real estate needs. You can find my contact information in the description below.

For daily market updates and more insights, don’t forget to sign up on our website at www.taylorgroupms.com.

Thank you for reading, and we look forward to helping you find your dream home!

Taylor Realty Group

601-613-9100

What Can You Buy in Brandon, MS for Under the Average Home Sales Price?

Hey everyone, Tinsley Mitchell here with Living in Central MS! Have you ever wondered what type of home you can get in Brandon, MS, for under the average home sales price? Well, today we are going to explore that!

Understanding the Market

The average home price for the Brandon area is around $300,000. Currently, there are 75 active listings under that price. These homes range from investment properties to move-in ready homes, and even a few new constructions.

Featured Neighborhood: Farmington Station

The home we're exploring today is located in the Farmington Station neighborhood, right off Old Fannin Road and Hugh Ward Parkway. When I say this neighborhood is perfect for convenience, I mean it! It is just minutes from the Ross Barnett Reservoir, shopping, dining, grocery stores, and various businesses. It’s very centralized to everything!

Home Features and Community

Farmington Station consists mostly of 3-bedroom, 2-bath brick construction homes, and the lot sizes are decently sized. There are no neighborhood amenities such as a pool, so the HOA costs are low. However, the entire neighborhood has sidewalks for walking, and it even connects to the walking trail along Hugh Ward Blvd, which goes for several miles.

A Closer Look at the Home

Now, let’s take a tour of what $258,000 can get you in Brandon, MS! This particular home is a perfect example of the value you can find in this area. It offers the charm and convenience of Farmington Station, making it an excellent choice for anyone looking to buy in Brandon.

Why Choose Brandon, MS?

Brandon offers a variety of housing options to fit different needs and budgets. Whether you're looking for an investment property, a move-in ready home, or new construction, there's something here for everyone. Plus, with its proximity to the Ross Barnett Reservoir and all the conveniences of shopping and dining, it's an ideal place to call home.

Conclusion

If you're in the market for a home in Brandon, MS, and want to stay under the average home sales price, Farmington Station is definitely worth considering. Contact me today to learn more about available listings and find your dream home in this fantastic community!

If you’re thinking of moving to Central MS, be sure and check out our website www.taylorgroupms.com, it has all MLS listings in Central MS and is updated every 10 minutes.  Whether you're buying or selling, our team is here to help every step of the way.  Contact us today to get started.

Taylor Realty Group

601-613-9100

If you’re looking for a new construction home under $350,000 in Madison School District, then stay tuned for today’s tour of Glendale Farms. Some of the best homes for sale in Madison MS are now selling!

Located right off Yandell Rd just outside the city limits of Madison, this newly created neighborhood on 80 acres with plans to build 208 homes started construction in 2022.  It’s also only about a 2 mile drive to Madison Crossing Elementary School which gets an overall A rating according to Niche.com.  The middle and high schools for this neighborhood feed to Germantown Middle and High Schools.  We are about a 10 minute drive to the city center of Madison. Glendale Farms features a beautiful neighborhood pool AND sidewalks, perfect for taking that after dinner stroll in the evening!

In the last twelve months, 20 homes have sold ranging in price from $322k-$365k and are all 3 bedroom, 2 bath and are all approximately 1,850 sq feet.  Most of the homes are on a quarter to half acre lot.

 Currently there are 7 active listings in Glendale and are all new construction ranging in price from $315k-$378k and are all 3 bed/2 bath, except for the one at the top of the price range which is a 4 bedroom / 3 bath.

The area where Glendale Farms is located is quite residential.   It’s about 5 miles to the Kroger in Madison where there are lots of shopping and dining options.

There are only 7 active listings right now, there are more coming soon.  But, some of these homes end up selling before they ever make it on the MLS.  So, if you are interested in living in a community like Glendale Farms, reach out to us so we can help you snag one of these homes before they hit the market. Currently, some of the builders are offering a 30 year fixed rate buy down to a 4.99% interest rate.  That could potentially get your payment in a much better place than the current rates!  Also, Glendale is eligible for USDA 100% financing.  So, if a down payment is stopping you, reach out to us and let us put you in touch with a lender, so you can finally stop renting!

If you’re thinking of moving to Central MS, be sure and check out our website www.taylorgroupms.com, it has all MLS listings in Central MS and is updated every 10 minutes.  Whether you're buying or selling, our team is here to help every step of the way.  Contact us today to get started.

Taylor Realty Group

601-613-9100

📹 New Video Alert: Exploring Brandon's Beautiful Homes! 📹

Hello, everyone!

I'm excited to share my latest YouTube video showcasing some of the finest homes in Brandon, MS. Whether you're in the market for a new place or simply love seeing beautiful properties, this video is a must-watch!

Video Title: "Exploring Brandon, MS: Your Guide to Stunning Homes and Neighborhoods"

In this video, we take a tour of one of the desirable homes in Brandon, perfectly situated on the Ross Barnett Reservoir in Palisades neighborhood.  Come along while we highlight the unique features and charming details that make each property special. From cozy family homes to luxurious estates, you'll get a glimpse of what makes living in Brandon so exceptional.

What to Expect in the Video:

• Scenic Walkthroughs: Enjoy a detailed tour of this beautiful waterfront home, showcasing the interior and exterior.
• Neighborhood Insights: Learn about the communities and amenities that make Brandon a great place to live.
• Tips for Buyers: Get expert advice on what to look for when buying a home in this area.
• Local Highlights: Discover nearby attractions, schools, and recreational spots that add to the charm of Brandon.

Why Brandon, MS?

Brandon is more than just a place to live—it's a community rich in Southern hospitality, vibrant culture, and stunning natural beauty. With its convenient location, top-rated schools, and variety of shopping and dining options, Brandon offers something for everyone.

Whether you're thinking about moving to Brandon or just curious about what the local real estate market has to offer, this video provides an in-depth look into some of the area's best properties.

If you love what you see and want to learn more about any of the homes featured, feel free to reach out. I'm here to help you find the perfect place to call home.

Stay Connected!

Don't forget to subscribe to my YouTube channel and follow my blog for more updates on the best real estate opportunities in Brandon and beyond.

📝 Get in Touch: 📞 [601-613-9100] 📧 [donnataylor819@gmail.com]

Let's find your dream home together!

Taylor Realty Group

Are you considering a move to Mississippi and want to know what our property taxes are like?  And what about other taxes…like income tax and sales tax?  Well, I’m getting into that right now!

Hi, I’m Donna Taylor, broker/owner of Taylor Realty Group. One of the most frequently asked question we get from folks moving to Central MS from another state is how much our property taxes are. (by the way, the most frequently asked question is which neighborhood should we look at?  Be sure and check out the video I did on Madison’s top 5 neighborhoods.)  So, In today’s video we will cover the tax topic looking specifically at Madison MS since that’s where most of our buyers are looking to move.  Madison County taxes homes here based on the assessed value, which is NOT the same as the appraised value…in fact, it’s much less.  Nationally our property taxes are much lower than most states. Let’s look at a real example.  The average closed home price in Madison during the last 6 months was $440,000.  The tax on that average price home in Madison would be about $2,200 annually, which is roughly half of a percent of that sales price.  That’s assuming you file for homestead exemption.  Speaking of homestead, that’s another thing that might be a little different than what you’re used to seeing in other areas.  In Mississippi, homestead exemption is filed beginning in January 1^st in the year AFTER you purchase your home.  So, you don’t need to worry about rushing to the tax assessor’s office right after you close.  Our taxes are billed in arrears.  So, tax bills are mailed out in December each year and are due by February 1st of the following year and the amount of tax you pay during your first year will depend on the SELLER’S tax status when you purchased the home.  So, make sure when you write that offer to check the homestead status, if that seller doesn’t have it in place, ask them to cover the difference that first year.  Then, in the following January, you can file for homestead, assuming you don’t have homestead filed on another home.  Also, if you are over the age of 65 or disabled you are eligible for an exemption on the first $75,000 of value on taxation.  So, when you are shopping for homes in Madison, budget about half of a percent for property taxes.

Next up let’s talk about the dreaded income tax!  The subject no one enjoys! The current governor of Mississippi has been working hard to reduce the state income tax to make MS more attractive to employers and workers!  Prior to this year, there was a tiered tax rate ranging from 3-5%.  Starting in 2024, there is a single flat rate of 4%.  The state government has the intention of phasing this 4% out over the coming years to continue economic growth to the state of MS.  

Next up is sales tax.  Here in Central MS, we have a 7% sales tax on all tangible items (except for cars). Cars are taxed at 5%...this is for both new and used cars.   And that 7% sales tax does apply to groceries.  But, the state does give a sales tax holiday in the summer to help ease the burden for back to school.  This year from July 12-14.  During that weekend any item less than $100 can be purchased free of tax for clothing, footwear, and school supplies.  So, go ahead and put that on your calendar if you are buying school supplies or clothes for your kids or GRANDKIDS!

If you’re thinking of moving to Central MS, be sure and check out our website www.taylorgroupms.com, it has all MLS listings in Central MS and is updated every 10 minutes.  Whether you're buying or selling, our team is here to help every step of the way.  Contact us today to get started.

Taylor Realty Group

601-613-9100