Sardis, Panola County, Mississippi Property Taxes

Name: Property Tax Bills Across Sardis, Panola County, Mississippi
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Sardis, MS effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Sardis, MS home value: $35,113
Median annual Sardis, MS tax bill: $579, $1,821 lower than the national median property tax bill of $2,400.

How are property taxes in Panola calculated?

Property taxes in Sardis, 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 Sardis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sardis, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sardis, Panola County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.35%

Estimate Property Tax Bill

$474

$440

Ownwell’s Sardis Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sardis with just two data points. By entering your property's estimated assessed value, our calculator applies Sardis’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Panola County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sardis, Panola County, Mississippi

Local government entities set tax rates, which can vary widely within a state. This variability is due to the fact that annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this is essentially the annual process. Sardis in Panola County, Mississippi, has a property tax rate of 1.35%, which is higher than the national median of 1.02%. This rate is consistent across Panola County, with no significant variation in the highest and lowest median tax rates. Compared to the national median property tax bill of $2,400, homeowners in Sardis might find their tax bills to be relatively high. This comparison highlights the importance of understanding local tax rates and how they can impact property tax bills, especially when they exceed national averages.

Property Tax Rates Across Sardis, Panola County, Mississippi

Source: Ownwell

1.14%

1.56%

1.99%

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 Sardis Tax Rate

1.35%

Median Effective Panola County Tax Rate

1.34%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sardis, Panola County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38666	0.87%	0.96%	1.35%	1.94%	1.99%

Source: Ownwell

Property Tax Assessment Values Across Sardis, Panola County, Mississippi

When examining property taxes in Sardis, 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 Panola County Tax Assessor 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 Panola County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Sardis.

For example, the median home price in Sardis is $35,113, with tax bills ranging significantly across the county. Zip code 38666 has the highest median home price at $35,113.

Property Tax Assessment Values Across Sardis, Panola County, Mississippi

Source: Ownwell

$22,256

$37,947

$53,638

Median Sardis Market Value

$35,113

Median Panola County Market Value

$42,358

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sardis, Panola County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38666	$11,357	$18,181	$35,113	$80,284	$150,345

Source: Ownwell

Property Tax Bills Across Sardis, Panola County, Mississippi

In Sardis, Mississippi, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Sardis is $35,113, significantly lower than the national median, resulting in a more affordable property tax bill for homeowners. Tax bills in Sardis range widely, with the 25th percentile at $266 and the 75th percentile reaching $1,191. The highest median tax bill in the area is $579, which is below the national median property tax bill of $2,400. Factors influencing property tax bills include property size, location, and improvements. High property taxes can strain homeowners' budgets, making it essential to ensure assessments are accurate. Ownwell offers a solution by helping homeowners appeal inaccurate assessments and secure exemptions, potentially reducing their property tax bills. With expert guidance, Ownwell can assist homeowners in navigating the complexities of property taxation, ensuring they pay only their fair share and can enjoy more financial freedom.

Property Tax Bills Across Sardis, Panola County, Mississippi

Source: Ownwell

$406

$660

$913

Median Sardis Tax Bill

$579

Median Panola County Tax Bill

$671

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Sardis, Panola County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38666	$162	$266	$579	$1,191	$2,238

Source: Ownwell