Indianola, Sunflower County, Mississippi Property Taxes
Median INDIANOLA, MS effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median INDIANOLA, MS home value: $53,072
Median annual INDIANOLA, MS tax bill: $949, $1,451 lower than the national median property tax bill of $2,400.
How are property taxes in Sunflower calculated?
Property taxes in INDIANOLA, 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 INDIANOLA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in INDIANOLA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Indianola, Sunflower County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.85%
Estimate Property Tax Bill
$982
$911
Property Tax Rates Across Indianola, Sunflower County, Mississippi
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually calculates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the fundamental process followed each year.
In Indianola, located in Sunflower County, Mississippi, the effective property tax rate stands out when compared to other cities within the state. The median property tax rate in Mississippi is higher than the national average, which is 1.02%. Indianola's rate is aligned with this state median, reflecting a consistency across the region. Despite the complexities involved in setting these rates, understanding how they are determined can empower property owners to make informed decisions. By comparing Indianola’s property tax rate to both state and national medians, residents can gain valuable insights into their tax obligations and how they measure up to broader trends.
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 Indianola Tax Rate
1.85%
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 Sunflower County Tax Rate
1.85%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Indianola, Sunflower County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38751 | 0.79% | 1.34% | 1.85% | 2.62% | 2.62% |
| 38736 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Indianola, Sunflower County, Mississippi
When examining property taxes in Indianola, 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 Sunflower 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.
Assessment notices: In Sunflower 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 Indianola.
For example, the median home price in Indianola is $53,072, with tax bills ranging significantly across the county. Zip code 38751 has the highest median home price at $53,053.
Property Tax Assessment Values Across Indianola, Sunflower County, Mississippi
Source: Ownwell
$40,876
$62,881
$84,885
Median Indianola Market Value
$53,072
Median Sunflower County Market Value
$50,210
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Indianola, Sunflower County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38751 | $21,158 | $36,001 | $53,053 | $76,321 | $129,940 |
| 38736 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Indianola, Sunflower County, Mississippi
Median Indianola Tax Bill
$949
Median Sunflower County Tax Bill
$885
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Indianola, Sunflower County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38751 | $301 | $589 | $948 | $1,496 | $2,300 |
| 38736 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell