Pontotoc, Pontotoc County, Mississippi Property Taxes

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

Median Pontotoc, MS effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, but matches the Mississippi state median of 1.31%.
Median Pontotoc, MS home value: $64,871
Median annual Pontotoc, MS tax bill: $934, $1,466 lower than the national median property tax bill of $2,400.

How are property taxes in Pontotoc calculated?

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

Last Updated March 1, 2025

Pontotoc, Pontotoc County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.31%

Estimate Property Tax Bill

$850

$789

Ownwell’s Pontotoc Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pontotoc with just two data points. By entering your property's estimated assessed value, our calculator applies Pontotoc’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 Pontotoc. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Pontotoc, Pontotoc County, Mississippi

Local government entities set tax rates, and these can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Pontotoc, MS, the effective property tax rate stands out when compared to other cities in Mississippi. The median property tax rate in Pontotoc is higher than the national median, which is 1.02%. This means that homeowners in Pontotoc are likely to pay more in property taxes than the average U.S. homeowner. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively. By comparing Pontotoc’s property tax rate to the national and state averages, property owners can better understand their financial obligations and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Pontotoc, Pontotoc County, Mississippi

Source: Ownwell

1.30%

1.47%

1.65%

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 Pontotoc Tax Rate

1.31%

Median Effective Pontotoc County Tax Rate

1.32%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pontotoc, Pontotoc County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38863	1.28%	1.28%	1.31%	1.91%	1.92%

Source: Ownwell

Property Tax Assessment Values Across Pontotoc, Pontotoc County, Mississippi

When examining property taxes in Pontotoc, 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 Pontotoc County Tax 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 Pontotoc 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 Pontotoc. For example, the median home price in Pontotoc is $64,871, with tax bills ranging significantly across the county. ZIP code 38863 has the highest median home price at $64,871.

Property Tax Assessment Values Across Pontotoc, Pontotoc County, Mississippi

Source: Ownwell

$22,579

$52,295

$82,010

Median Pontotoc Market Value

$64,871

Median Pontotoc County Market Value

$62,532

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pontotoc, Pontotoc County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38863	$15,941	$35,280	$64,871	$112,621	$172,458

Source: Ownwell

Property Tax Bills Across Pontotoc, Pontotoc County, Mississippi

Property tax bills in Pontotoc, Mississippi, are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Pontotoc is $64,871, and the property tax rate is relatively low compared to the national median of 1.02%. Homeowners in Pontotoc can expect their tax bills to vary, with the 25th percentile at $539 and the 75th percentile reaching $1,566. The 90th percentile tax bill is $2,366, indicating a range of tax obligations depending on property value and location within the county.

For homeowners, understanding these factors is crucial as they directly impact annual expenses. High property taxes can strain a household budget, especially if the assessed value of the property is higher than expected. This is where Ownwell can help. By providing property tax appeal and exemption services, Ownwell assists homeowners in potentially lowering their tax bills. Through expert analysis and negotiation, Ownwell ensures that homeowners pay only their fair share, offering peace of mind and potential savings.

Property Tax Bills Across Pontotoc, Pontotoc County, Mississippi

Source: Ownwell

$349

$797

$1,245

Median Pontotoc Tax Bill

$934

Median Pontotoc County Tax Bill

$913

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Pontotoc, Pontotoc County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38863	$252	$539	$934	$1,566	$2,366

Source: Ownwell