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Updated 2025 Tax Year

Itawamba County
Property Tax Guide

Everything you need to know about property taxes in Itawamba County, MS. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
0.5% to 0.7% of market value (varies by taxing district and municipality)
Exemptions
4+ Available
Section 1

How Property Tax Works

Itawamba County, Mississippi operates under the state's property tax system, which funds essential local services including public schools, county government operations, emergency services, and infrastructure maintenance. Property taxes are the primary funding source for the Itawamba County School District and various municipal services throughout the county. The county follows Mississippi's assessment practices, with residential properties typically assessed at 10% of market value for tax calculation purposes.

Property tax rates in Itawamba County vary by location due to different special taxing districts, municipal boundaries, and school district areas within the county. The total effective tax rate generally ranges from approximately 0.5% to 0.7% of market value, though this can vary based on your specific location and any applicable tax credits. Property owners should note that actual tax bills depend not only on the millage rates but also on assessment practices and any tax credits for which they qualify through application processes.

Section 2

What Makes Up Your Tax Bill

ComponentRate (Mills)Description
Itawamba County Schools47.8School district operations and debt service (FY 2025)
County General Fund~31.0County government operations and services
Municipal RatesVariesCity/town services (if applicable to property location)
Special DistrictsVariesFire districts, drainage, or other local improvements
Total Estimated Range78.8-85.0Varies by specific location within county

Note: These rates apply to the 2025 levy year. Rates are expressed in mills (1 mill = $1 per $1,000 of assessed value). Your actual rate depends on which taxing districts serve your property location. Contact the Itawamba County Tax Assessor at (662) 862-3421 for your specific district combination.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Itawamba County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Itawamba County are additional property tax bills issued when there are changes in property ownership, completion of new construction, or significant improvements that increase a property's assessed value during the tax year. These taxes cover the difference between what was originally billed and what should be owed based on the property's new assessment or ownership status.

Common triggers include: purchasing a home, completing new construction, adding significant improvements like additions or pools, or splitting/combining parcels. The supplemental tax is calculated by applying the current tax rate to the difference between the old and new assessed values, prorated for the portion of the tax year remaining. For example, if you purchase a $400,000 home in June that was previously assessed at $300,000, you would receive a supplemental bill for the additional $10,000 in assessed value (difference of $100,000 market value × 10% assessment ratio) multiplied by your area's tax rate, prorated for the remaining months of the tax year.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (10%): $30,000
  • Less: Homestead Credit (if qualified): Varies
  • Net Taxable Value: ~$30,000
  • Annual Tax (80 mills): $2,400
  • Monthly (if escrowed): $200

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (10%): $60,000
  • Less: Homestead Credit (if qualified): Varies
  • Net Taxable Value: ~$60,000
  • Annual Tax (80 mills): $4,800
  • Monthly (if escrowed): $400

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (10%): $100,000
  • Less: Homestead Credit (if qualified): Varies
  • Net Taxable Value: ~$100,000
  • Annual Tax (80 mills): $8,000
  • Monthly (if escrowed): $667

Note: These calculations use an estimated 80-mill rate. Actual rates vary by location. Tax credits require separate applications and are not automatically applied. Contact the Tax Assessor's office for specific credit amounts and applications.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Itawamba County require property tax escrow accounts for borrowers with less than 20% down payment, though some lenders may require escrow regardless of down payment amount. Your lender collects 1/12 of your estimated annual property tax bill each month along with your mortgage payment, then pays the county directly when taxes are due in February.

Lenders typically collect an initial escrow deposit at closing and may require a cushion of 1-2 months of taxes. Each year, your lender will conduct an escrow analysis to ensure adequate funds are collected. If your property taxes increase due to reassessment or rate changes, your monthly escrow payment will be adjusted accordingly. Property owners are responsible for verifying that their lender pays taxes on time, as the property owner remains ultimately liable for any late payments or penalties, even when using an escrow account.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Itawamba County for the current tax year? A: Property taxes are due February 1st annually. For 2026, there is an extended deadline until March 3rd for Itawamba County and other impacted counties.

Q: What homestead tax credit is available and how do I apply? A: Mississippi offers a homestead exemption that helps limit assessment increases on your primary residence. This is not automatic - you must file an application with the Itawamba County Tax Assessor's office by April 1st. Contact (662) 862-3421 for applications.

Q: Are there other tax credits I should know about? A: Additional credits may be available for seniors, disabled persons, or veterans. All credits require separate applications and proof of eligibility. Contact the Tax Assessor's office for specific programs and application requirements.

Q: How often are properties reassessed? A: Mississippi conducts property appraisals periodically, with the effective date being January 1st of the assessment year. The Tax Assessor's office can provide information about recent or upcoming reappraisals in your area.

Q: What happens if I pay my taxes late? A: Late payments incur penalties and interest charges. Contact the Tax Collector's office at (662) 862-3421 for specific penalty rates and payment options if you've missed the deadline.

Q: Can I pay my property taxes online? A: Contact the Itawamba County Tax Collector's office at (662) 862-3421 to inquire about online payment options and accepted payment methods.

Q: How do special districts affect my tax bill? A: Your location determines which special taxing districts (fire, drainage, municipal) apply to your property. These can add 5-15 mills to your total rate depending on services provided.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the county tax assessor within specific timeframes. Contact the Itawamba County Tax Assessor's office for appeal procedures and deadlines.

Q: Do I qualify for homestead exemption if I'm military stationed elsewhere? A: Yes, military personnel stationed outside Mississippi can qualify for homestead exemption if they maintain Mississippi residency and claim Mississippi as their home state for tax purposes.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
County
2014-2025 County and City Millage Ratesdor.ms.gov
02
County
Tax Collector | Itawamba County, MSitawamba.gov
03
2025 - Mississippi Department of Revenue - | MS.GOVdor.ms.gov
04
County
Tax Assessor | Itawamba County, MSitawamba.gov
05
Tax Doc
Alert Center • Property Tax Payment Extension - March 3desotocountyms.gov
06
Homestead Exemptiondor.ms.gov
07
Tax Doc
Property Tax Exemptionsdor.ms.gov
08
The following document was not prepared by the Office of the ...osa.ms.gov
09
The following document was not prepared by the ...osa.ms.gov
10
HB1630 (As Passed the House) - 2025 Regular Sessionbillstatus.ls.state.ms.us
All sources verified as of 2025 Tax Year

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