Tax Burden in ZIP Code 38655
Oxford, MS — Lafayette County
At the median income of $42,000, the estimated total tax burden in ZIP 38655 is $8,950 (21.3% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$4,200
FICA
$3,213
Property Tax
$1,537
Total Tax Burden
$8,950
21.3% effective
Tax Details for ZIP 38655
ZIP code 38655 is located in Lafayette County, MS, within the Oxford MSA metropolitan area. The area has a cost of living index of 88 (100 = national average), making it more affordable than the national average.
The effective property tax rate is 0.58%. On the median home price of $265,000, this equals $1,537 per year ($128/month).
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