HonestCasa logoHonestCasa
All Tax Guides
Updated 2025 Tax Year

Panola County
Property Tax Guide

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

10 Official Sources
8 min read
Calculate Your True CostMortgage Calculator
Quick Facts
Tax Rate
$0.56029 per $100 assessed value (base county rate), varies by district with school and municipal taxes added
Exemptions
5+ Available
Section 1

How Property Tax Works

Panola County, Mississippi operates under the state's property tax system where property taxes are the primary funding source for local government services, schools, and infrastructure improvements. The county assesses property at its market value and applies tax rates that vary by location within the county depending on special taxing districts such as school districts, municipal service areas, and economic development zones.

For FY 2025-2026, the base county tax rate is $0.56029 per $100 of assessed property value, though your actual rate may be higher when combined with school district taxes, municipal taxes, and special assessments. Property owners in different areas of Panola County will see varying total tax rates based on their specific location and the taxing districts that serve their property. The county also participates in regional economic development initiatives that may include additional levies in certain areas.

Most property tax credits and exemptions in Mississippi require annual application and are not automatically applied to your tax bill. Property owners should contact the Panola County Tax Assessor's office to determine which programs they may qualify for and ensure proper applications are submitted by required deadlines.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $100)Description
County General Fund$0.56029No-new-revenue rate for FY 2025-2026 county operations
School DistrictVariesRate depends on specific school district serving your property
MunicipalVariesApplied only to properties within city limits
Special DistrictsVariesEconomic development, airport improvements, infrastructure
Voter-Approval Rate$0.57783Maximum rate without voter approval for county portion

Note: These rates apply to the FY 2025-2026 levy year. Your total effective rate will depend on your property's location within Panola County and which special taxing districts serve your area. Properties near the Panola County Airport may be subject to additional assessments for airport improvements. Contact the Tax Assessor's office at (662) 563-6205 for your specific district combination.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Panola 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 Panola County are triggered when property ownership changes hands, new construction is completed, or significant improvements are made to existing property during the tax year. These supplemental bills represent the difference between what was previously assessed and the new assessment, prorated for the portion of the tax year remaining.

For example, if you purchase a home in Panola County in September and the previous assessment was significantly lower than the current market value, you'll receive a supplemental tax bill covering October through the end of the fiscal year. The calculation takes the difference between the old and new assessed values, applies the current tax rate, then prorates based on the months remaining in the tax year.

New construction supplemental taxes are calculated from the date the construction is deemed substantially complete by the county assessor. Property owners typically receive supplemental bills 60-90 days after the triggering event, and these taxes maintain the same payment schedule as regular property taxes.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (10% of market): $30,000
  • Less: Homestead Credit (if applied for): -$7,500
  • Net Taxable Value: $22,500
  • Annual Tax ($22,500 × $0.56029/$100): $126.07
  • Monthly Escrow: $10.51

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (10% of market): $60,000
  • Less: Homestead Credit (if applied for): -$7,500
  • Net Taxable Value: $52,500
  • Annual Tax ($52,500 × $0.56029/$100): $294.15
  • Monthly Escrow: $24.51

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (10% of market): $100,000
  • Less: Homestead Credit (if applied for): -$7,500
  • Net Taxable Value: $92,500
  • Annual Tax ($92,500 × $0.56029/$100): $518.27
  • Monthly Escrow: $43.19

Important: These calculations use only the base county rate. Your actual tax will be higher when school district and any applicable special district taxes are included. All credits shown require annual application and are not automatically applied.

See How Taxes Affect Your Payment

Property taxes are just part of your total monthly cost. Get the full picture.

Calculate Now
Section 5

Escrow & Property Taxes

Most mortgage lenders in Panola County require property tax escrow accounts for loans with less than 20% down payment. Your lender will collect approximately 1/12 of your estimated annual property tax bill each month along with your mortgage payment. The lender then pays your property taxes directly to Panola County when they become due.

Property taxes in Panola County are typically paid in advance, with the tax year running from October 1st through September 30th. Lenders usually pay taxes by the March 3rd deadline (extended for FY 2025-2026 due to emergency proclamation) to avoid penalties. Your lender should provide an annual escrow analysis showing how your tax payments are calculated and any adjustments needed.

If you're managing property tax payments independently, you can verify payments and view your account online through the Panola County Tax Collector's website. Contact your lender immediately if you receive a delinquency notice, as this may indicate an escrow account shortage that needs to be addressed.

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 Panola County property taxes due for FY 2025-2026? A: Property taxes are due by March 3, 2026, under the current emergency extension. There is an automatic 14-day grace period for car tag renewals. Normal due dates may vary, so check with the Tax Collector's office.

Q: What homestead credit is available and how do I apply? A: Mississippi offers a homestead exemption that caps the annual increase in your home's assessed value, typically limiting growth to 10% per year. This requires annual application through the County Assessor's office. Contact (662) 563-6205 for applications and deadlines.

Q: Are there other tax credits I should know about? A: Yes, but most require application. These may include credits for seniors, disabled veterans, or other qualifying circumstances. Contact the Panola County Assessor's office to review available programs. Credits reduce your tax bill, while exemptions reduce assessed value - both typically require annual filing.

Q: How often is property reassessed in Panola County? A: Mississippi law requires counties to conduct full reappraisals at least every four years, though market value adjustments may occur annually. You'll receive notice if your assessment changes significantly.

Q: What if I disagree with my property assessment? A: You can appeal your assessment to the County Board of Supervisors. Appeals must typically be filed within 30 days of receiving your assessment notice. Contact the Assessor's office for specific procedures and deadlines.

Q: Can I pay property taxes online? A: Yes, Panola County offers online payment options through their official website. Visit the Tax Collector's section for secure payment processing. Convenience fees may apply for electronic payments.

Q: What happens if I pay late? A: Late payments incur penalties and interest charges. Properties with delinquent taxes may eventually face tax sale proceedings. Contact the Tax Collector immediately if you cannot meet the payment deadline to discuss options.

Q: Why is my tax rate different from my neighbor's? A: Tax rates vary within Panola County based on special taxing districts, school districts, and municipal boundaries. Properties in different areas may have different combinations of these district taxes, resulting in varying total effective rates even with the same county base rate.

Verified Sources

Backed by 10 Official Government Sources

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

01
County
Panola County 2025 Notice of Tax Ratesco.panola.tx.us
02
County
2025 proposed budget - Panola Countyco.panola.tx.us
03
MISSISSIPPI LEGISLATURE REGULAR SESSION 2025 Bybillstatus.ls.state.ms.us
04
Tax Doc
Alert Center • Property Tax Payment Extension - March 3desotocountyms.gov
05
SEP 12 2024panola.easydocs.us
06
03052024.xmlbillstatus.ls.state.ms.us
07
HB1049 (As Introduced) - 2026 Regular Sessionbillstatus.ls.state.ms.us
08
Homestead Exemptiondor.ms.gov
09
HB1897.xmlbillstatus.ls.state.ms.us
10
HB1897 (As Passed the House) - 2025 Regular Sessionbillstatus.ls.state.ms.us
All sources verified as of 2025 Tax Year

See the Full Picture of Your Home Costs

Property taxes are just one piece of homeownership. HonestCasa helps you understand your total monthly cost and explore safe ways to access your home equity.

Total Monthly Cost

Mortgage + taxes + insurance + HOA

Equity Growth

Track how your equity grows over time

Safe Equity Access

Options for projects or debt payoff

Run Your ScenarioTry Calculator

Free • No credit check • 2-minute estimate