38801 Property Tax Rate

Property owners in ZIP code 38801 (Tupelo, Mississippi) pay a median of $1,489/year in property taxes on homes valued at $187,600. This translates to an effective tax rate of 0.79%, which is 8% above the Mississippi state average of 0.73%.

The monthly property tax burden for a median-valued home in 38801 is approximately $124, which factors into escrow payments on mortgages. This ZIP code is located within Lee County. This is $579 more than the Mississippi average of $910/year.

Compared to similar ZIP codes in Mississippi, 38801 has lower property taxes. ZIP codes with similar effective rates include 39056 (0.79%) and 39668 (0.80%).

In Tupelo, property taxes represent approximately 2.3% of the median household income of $63,447, providing context for the relative tax burden on homeowners in this area.

Mississippi has no statewide property tax cap; the Lee County Assessor will reassess your property at market value (the purchase price) when you buy, potentially increasing your tax bill significantly. Homeowners age 65+ or permanently disabled may claim the Homestead Exemption to reduce taxable assessed value — contact the Lee County Assessor's office during business hours to verify your eligibility and complete the application. File your appeal with the Lee County Board of Supervisors within 30 days of receiving your Notice of Assessment if you believe the assessed value does not reflect fair market value.