Tupelo, Itawamba County, Mississippi Property Taxes
Median Tupelo, MS effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Tupelo, MS home value: $55,218
Median annual Tupelo, MS tax bill: $575, $1,825 lower than the national median property tax bill of $2,400.
How are property taxes in Itawamba calculated?
Property taxes in Tupelo, MS are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Tupelo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tupelo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tupelo, Itawamba County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.06%
Estimate Property Tax Bill
$585
$543
Property Tax Rates Across Tupelo, Itawamba County, Mississippi
Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Tupelo’s effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi and the U.S.
Tupelo, located in Itawamba County, has a property tax rate that reflects the unique financial needs and property values of the area. Compared to the national median property tax rate of 1.02%, Mississippi's median property tax rate is slightly higher at 1.06%. This places Tupelo in a competitive position within the state, as its rate aligns with the highest and lowest median tax rates in the region. Understanding these rates can help property owners make informed decisions about their investments and potential savings through tax appeals and exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Tupelo Tax Rate
1.06%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Itawamba County Tax Rate
1.04%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Tupelo, Itawamba County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38804 | 0.60% | 0.89% | 1.06% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Tupelo, Itawamba County, Mississippi
When examining property taxes in Tupelo, Mississippi, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Itawamba County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Itawamba County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Tupelo.
For example, the median home price in Tupelo is $55,218, with tax bills ranging significantly across the county. Zip code 38804 has the highest median home price at $55,218.
Property Tax Assessment Values Across Tupelo, Itawamba County, Mississippi
Source: Ownwell
$52,740
$69,980
$87,220
Median Tupelo Market Value
$55,218
Median Itawamba County Market Value
$62,360
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Tupelo, Itawamba County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38804 | $14,843 | $29,758 | $55,218 | $75,965 | $135,869 |
Source: Ownwell
Property Tax Bills Across Tupelo, Itawamba County, Mississippi
Median Tupelo Tax Bill
$575
Median Itawamba County Tax Bill
$669
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Tupelo, Itawamba County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38804 | $152 | $421 | $575 | $980 | $1,427 |
Source: Ownwell