A drywall tape dispenser assembly for dispensing joint tape and joint compound used in finishing joints in sheetrock or drywall is provided. The drywall tape dispenser assembly comprises a main body having a first side wall, a second side wall, a bottom wall, a front wall, and a rear wall, with the first side wall, the second side wall, the bottom wall, the front wall, and the rear wall creating a mud receiving area. A first slot is formed between the front wall and the bottom wall and a second slot formed between the rear wall and the bottom wall. A tape dispensing mechanism dispenses the tape into and out of the mud receiving area wherein an amount of joint compound is placed in the mud receiving area over a portion of the joint tape within the mud receiving area and wherein a desired amount of joint tape is pulled through second slot, through the joint compound in the mud receiving area, and out of the first slot with a coating of joint compound thereon.