Panola County Property Taxes
Effective Tax Rate
0.00%
13.5% below state avgMedian Annual Tax
$0
$69/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.65%
At a Glance
Median Home Value
$127,800
State avg $136,126
Tax w/ Mortgage/yr
$1,190
$99/mo escrow
Tax w/o Mortgage/yr
$636
$53/mo
State Tax Rate Rank
#26
of 81 counties (1 = lowest)
Similar tax rates
Homeowner context
What this means for a Panola County homeowner
Use these county medians as a planning baseline. Your actual bill depends on assessed value, exemptions, millage, and local taxing districts.
Tax pressure
0.65%
0.06 percentage points below the state average
Typical bill
$826
$129 below the state median
State position
#26
Ranked from lowest to highest effective rate across 81 Mississippi counties.
Data Story
About Property Taxes in Panola County, Mississippi
Panola keeps taxes low nationally
Panola County's effective tax rate of 0.769% ranks in the lower half nationally, where homeowners typically pay roughly 0.95% of property value. This Mississippi county delivers a meaningful tax advantage compared to the nation as a whole.
Below Mississippi average
At 0.769%, Panola's effective rate runs 3.5% below Mississippi's 0.743% state average, making it one of the more affordable counties statewide. The county's median tax of $935 sits just above the state median of $931.
Lower than most regional peers
Panola's 0.769% rate undercuts Montgomery (0.896%) and Neshoba (0.886%), matching Oktibbeha (0.768%) while falling short only of Newton (0.799%) and Pearl River (0.677%) in the broader region. It avoids the extreme burden of Noxubee (1.011%).
Median tax near state average
On Panola's median home value of $121,500, residents pay approximately $935 annually—roughly $78 monthly. Those with mortgages typically see escrow payments totaling around $1,315 per year.
Request an assessment review
Panola County homeowners should periodically verify that their assessed values reflect current market conditions and recent comparable sales. A simple reassessment request could identify overvaluation and reduce your tax burden at no cost.
How Panola County Compares
Median Annual Property Tax
Panola County
0.65%
Effective rate
Mississippi Avg
0.70%
Effective rate
National Avg
0.88%
Effective rate
Frequently Asked Questions
What is the property tax rate in Panola County, Mississippi?
How much are property taxes in Panola County?
How does Panola County compare to the Mississippi average?
What is the median home value in Panola County, Mississippi?
Is Panola County a low property tax area in Mississippi?
How does Panola County rank for property taxes in Mississippi?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Mississippi
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.
Estimates are informational only and are not tax, legal, financial, or assessment appeal advice. Verify parcel-specific amounts with the county assessor or tax collector.