Tax Assessor-Collector Barbara Gore shared tax facts with the Eupora Rotary Club on Nov. 22.
Gore provided this basic information about Webster County taxes and how they are calculated, which she has published in a brochure available in her office at the Courthouse:
A tax is levied on land, buildings and other structures. Single-family homes occupied by owner are assessed at 10 percent of the appraised value. All other real property is at 15 percent of the appraised value. Appraisal date is Jan. 1 each year.
Homeowners whose mortgage company does pay through escrow are billed for the taxes. Taxes are due and are delinquent after Feb. 1. Property with delinquent taxes will be sold at the land sale on the last Monday in August each year.
The Board of Supervisors establishes a tax rate in September each year after adopting a budget. This tax rate applies to the calendar year beginning the prior January. The current rate outside any city for real estate, motor vehicles and personal property other than vehicles is approximately 99.14 mills, or $99 for each $1,000 of assessed value.
If the owner qualifies for homestead exemption, tax relief is in the form of credit and is based on the assessed value of the property, the age of the applicant or a disability.
Property owners may review their property appraisal in the assessor's office for the current year until June. After July 1, they must appeal in writing to the Board of Supervisors. The deadline for filing an appeal in writing is Aug. 1.
A tax is levied on automobiles, trucks, mobile homes, trailers, campers, airplanes and business property. Personal effects, household goods, money and securities are not taxed.
Vehicle values are established by the state Tax Commission and are based on the suggested retail price less depreciation. A vehicle is subject to tax if it is normally garaged or parked in Webster County.
Tax on a vehicle is paid for the year in advance commencing the day it is registered. New residents in the state must register their vehicles within 30 days. Newly purchased vehicles must be registered within seven business days of the purchase.
Business property is assessed at 15 percent of the appraised value. All business owners are required to file a rendition by April 1 each year. The appraisal of business property is based on replacement cost new less depreciation.
Mobile home values are established by the state Tax Commission. Tax is due January for the calendar year in advance.
Mississippi legislative credit for motor vehicles is 5.5 percent of assessed value.
In addition to taxes, these tax and privilege fees apply: automobile - $25, pickup truck - $17.20.
Business and professional occupations must purchase a privilege license. License applications must be filed before starting the new business and annually thereafter. License fees are based on the size of the business. Only those outside any city are required to have a county license.
The penalty on delinquent real estate and personal property taxes is 1 percent per month after Feb. 1. Property with delinquent taxes will be sold the last Monday in August. Motor vehicles penalty is 5 percent per month to a maximum of 25 percent.
TAX CALENDAR
Gore also provided these tax calendar dates of note:
If the due date falls on a weekend or holiday, that due date will be on the next working day.
Real estate and personal property: Ownership and values as of Jan. 1. Tax rolls to Board of Supervisor by July 1. Appeal deadline -Aug. 1. Tax statements mailed and taxes due on or before Jan. 1.
Motor vehicles: Values as of July 1. Statements mailed before first day of month due.
Homestead exemption: Applications are only taken Jan. 1 through April 1.
County budget approved in August.
Tax rate is set in September by the county Board of Supervisors. County schools receive 36.25 mills.
For more information, Gore may be contacted at 258-6468.
Post a Comment