Tupelo, Lee County, Mississippi Property Taxes

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

Median Tupelo, MS effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Tupelo, MS home value: $104,880
Median annual Tupelo, MS tax bill: $1,519, $881 lower than the national median property tax bill of $2,400.

How are property taxes in Lee County 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, Lee County, Mississippi Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.34%

Estimate Property Tax Bill

$1,405

$1,304

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

Property Tax Rates Across Tupelo, Lee County, Mississippi

Local government entities set tax rates, which can vary significantly within a state. Each county 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, this is the annual process in a nutshell.

Tupelo in Lee County, Mississippi, exemplifies this process. The effective property tax rate here can be compared to other cities in Mississippi and the median property tax rates in the state and the U.S. Mississippi's median property tax rate is notably higher than the national median. This means that residents in Tupelo may experience a property tax burden that is above the national average. This comparison underscores the importance of understanding property tax rates and how they impact homeowners.

For residents of Tupelo, appealing property tax assessments or seeking exemptions can be crucial strategies to manage their tax liabilities effectively. By staying informed and proactive, homeowners can ensure they are not overpaying on their property taxes.

Property Tax Rates Across Tupelo, Lee County, Mississippi

Source: Ownwell

1.07%

1.27%

1.47%

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

1.34%

Median Effective Lee County Tax Rate

1.34%

Median Effective Mississippi Tax Rate

1.31%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tupelo, Lee County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38801	1.09%	1.34%	1.34%	2.01%	2.01%
38804	1.07%	1.34%	1.34%	1.61%	2.01%
38802	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Tupelo, Lee 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 Lee County Appraisal District 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 Lee 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 Tupelo. For example, the median home price in Tupelo is $104,880, with tax bills ranging significantly across the county. Zip code 38801 has the highest median home price at $109,405.

Property Tax Assessment Values Across Tupelo, Lee County, Mississippi

Source: Ownwell

$50,820

$100,800

$150,780

Median Tupelo Market Value

$104,880

Median Lee County Market Value

$101,000

Median Mississippi Market Value

$68,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tupelo, Lee County, Mississippi

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38801	$49,804	$70,128	$109,405	$166,008	$255,072
38804	$34,304	$58,748	$97,140	$158,448	$273,349
38802	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Tupelo, Lee County, Mississippi

In Tupelo, located in Lee County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Tupelo experience a range of tax bills, with the 25th percentile at $1,011 and the 75th percentile reaching $2,310. The highest median tax bill in the area is $1,589, while the lowest is $1,391. These figures are notably below the national median property tax bill of $2,400, offering some relief to local homeowners. However, understanding how these taxes are calculated and ensuring they are fair can be complex. Factors like property size, location, and improvements can influence the assessed value, potentially leading to higher tax bills. This is where Ownwell can assist. By providing expert property tax appeal services, Ownwell helps homeowners ensure their assessments are accurate, potentially saving them money. Our team can identify discrepancies and work towards reducing your property tax burden, making homeownership in Tupelo more affordable.

Property Tax Bills Across Tupelo, Lee County, Mississippi

Source: Ownwell

$591

$1,392

$2,193

Median Tupelo Tax Bill

$1,519

Median Lee County Tax Bill

$1,408

Median Mississippi Tax Bill

$854

Median United States Tax Bill

$2,400

Property Tax Bills Across Tupelo, Lee County, Mississippi

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38801	$789	$1,087	$1,589	$2,368	$3,494
38804	$536	$870	$1,391	$2,204	$3,603
38802	N/A	N/A	N/A	N/A	N/A

Source: Ownwell