Panola County, Mississippi Property Taxes
Census Bureau ACS property tax data for Mississippi. Population: 8,525.
The median annual property tax in Panola County is $935, which is 0% higher than the Mississippi state average and 51% below the national average. The effective tax rate is 0.77% on a median home value of $121,500. Property taxes represent 2.1% of the median household income in this county.
Median Annual Tax
$935
+0% vs State
-51% vs US
Median Home Value
$121,500
-5% vs State
-43% vs US
Effective Tax Rate
0.77%
+4% vs State
-19% vs US
With vs Without Mortgage
With Mortgage
$1,315
$110/mo
Without Mortgage
$664
$55/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $935 +6.5% | 0.77% |
| 2022 | $878 -0.1% | 0.76% |
| 2021 | $879 +32.0% | 0.97% |
| 2020 | $666 -7.9% | 0.81% |
| 2019 | $723 | 0.87% |
Tax Burden
Tax-to-Income Ratio
2.1%
of median household income
Median Income
$43,990
per year
Monthly Tax
$78
per month
Other Counties in Mississippi
Wilkinson County
Tax: $691/yr Rate: 0.86%
Lafayette County
Tax: $1,672/yr Rate: 0.64%
Wayne County
Tax: $686/yr Rate: 0.78%
Harrison County
Tax: $1,289/yr Rate: 0.65%
George County
Tax: $1,086/yr Rate: 0.65%
Union County
Tax: $917/yr Rate: 0.58%
Frequently Asked Questions
What is the average property tax in Panola County, Mississippi? ▼
The median annual property tax in Panola County is $935 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.77% on a median home value of $121,500.
How does Panola County property tax compare to the national average? ▼
Property taxes in Panola County are 51% below the national average of $1,923. The effective rate of 0.77% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Panola County? ▼
In Panola County, homeowners with a mortgage pay a median of $1,315 in annual property taxes, while homeowners without a mortgage pay $664. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Panola County? ▼
Property taxes in Panola County represent approximately 2.1% of the median household income of $43,990. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.