Free Tupelo, Mississippi seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Tupelo, Mississippi (Lee County). The calculator applies the local rates for you.
- Median home value
- $201,300
- Transfer tax on $200,000
- None
- Seller costs on $200,000
- About $10,665
- Median property tax bill
- $1,681 a year
- County
- Lee County
- Population
- 37,775
Tupelo transfer tax
Mississippi does not charge a real estate transfer tax, so there is none to pay on a home sale in Tupelo.
Example Tupelo seller net sheet
A $200,000 sale, close to Tupelo's median home value of $201,300, with a 5% commission and a $120,000 mortgage payoff. Seller costs come to about $10,665, or 5.3% of the price.
| Line | Seller |
|---|---|
| Sale price | $200,000 |
| First mortgage payoff | −$120,000 |
| Real estate commission (5%) | −$10,000 |
| Settlement / closing fee | −$300 |
| Seller's attorney fee | −$300 |
| Release / satisfaction recording | −$25 |
| Wire / courier / payoff processing | −$40 |
| Estimated net before property tax prorations | $69,335 |
Who pays what in Tupelo
Tupelo closings follow Lee County customs. In Lee County, the buyer customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller. Closings are usually handled by an attorney, and each side normally has its own attorney.
Property taxes in Tupelo
The median property tax bill for homeowners in Tupelo is $1,681 a year, about 0.84% of the median home value of $201,300 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Bills issued Dec for the calendar year, due Feb 1; seller credits buyer.
Rates verified 2026-09-29. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Tupelo seller questions
How much is the transfer tax in Tupelo, Mississippi?
Mississippi does not charge a real estate transfer tax, so there is none to pay on a home sale in Tupelo.
How much are seller closing costs in Tupelo?
On a $200,000 sale, close to the median home value in Tupelo, with a 5% commission, estimated seller costs are about $10,665 (5.3% of the price). Without commission they are about $665. The loan payoff and property tax proration change the final number.
What county is Tupelo in, and does it matter at closing?
Tupelo is in Lee County, Mississippi. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Lee County, the buyer customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller.
How much are property taxes in Tupelo?
The median property tax bill for homeowners in Tupelo is $1,681 a year, about 0.84% of the median home value of $201,300 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Bills issued Dec for the calendar year, due Feb 1; seller credits buyer.
Build your Tupelo net sheet in minutes.
Free to use. No account needed to try it.