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Alcorn County property tax

Published: 15.04.2023

Alcorn County Property Tax Rates

The Alcorn County Property Tax rates are as follows:

Tax Rate per $100 of Assessed Value
County 0.934
City of Corinth 0.483
Corinth School District 0.901
Kossuth School District 0.625
Biggersville School District 0.625
Alcorn County School District 0.825

It is important to note that these rates may be subject to change and property owners should consult with local authorities for the most up-to-date information regarding their tax obligations.

Example of Alcorn County Property Tax Calculation

In Alcorn County, property taxes are calculated based on the assessed value of the property. To determine the assessed value, the county uses a percentage of the fair market value of the property. For example, if the fair market value of a property is $100,000 and the assessment rate is 15%, the assessed value would be $15,000.

Once the assessed value is determined, the county applies the millage rate to calculate the property tax. The millage rate is a rate per $1,000 of assessed value. For instance, if the millage rate is 50 mills (or 0.05), the property tax would be calculated as follows:

($15,000 / 1,000) x 50 = $750

Therefore, the property tax for a property with an assessed value of $15,000 and a millage rate of 50 mills in Alcorn County would be $750.

If you want appeal your property tax assessment - contact your local tax assessor.

Who sets property tax rates in Alcorn County ?

Property tax rates in Alcorn County are set by the Board of Supervisors. They typically do this annually during their regular meetings in September. The Board determines the property tax rate by assessing the needs of the county and setting a rate that will generate sufficient revenue to meet those needs. The property tax rate is then applied to the assessed value of each property in the county to determine the amount of taxes owed. Property owners in Alcorn County can expect to receive their tax bill in October or November each year.

Homestead exemptions in Alcorn County ?

In Alcorn County, Mississippi, there are Homestead exemptions and deductions available to residents. These exemptions and deductions can help reduce the amount of property tax owed on a residence. Below is a table outlining the different county specific Homestead exemptions and deductions available in Alcorn County, Mississippi.

Exemption Eligibility Amount Notes
Homestead Exemption Property owners Up to $7,500 Must be the primary residence
Senior Citizen Exemption Property owners over 65 years old Up to $1,000 Must have lived in the residence for at least 1 year
Disability Exemption Property owners with a disability Up to $1,000 Must have lived in the residence for at least 1 year
Veterans Exemption Veterans or their surviving spouse Up to $7,500 Must have served in the military and have a valid DD214 or other proof of service

It's important to note that these exemptions and deductions are specific to Alcorn County and may vary from county to county within Mississippi. Homeowners should contact their local county tax assessor's office for more information and eligibility requirements.

When is Alcorn County Property Tax due ?

According to the official Alcorn County website, property taxes are typically due on February 1st of each year. However, taxpayers are given a 30-day grace period, which means that the taxes can be paid without penalty until March 1st.

There are several payment methods available for taxpayers in Alcorn County. The most common method is to pay in person at the Tax Assessor's Office located at 600 Waldron Street in Corinth, Mississippi. The office is open from 8 a.m. to 5 p.m., Monday through Friday.

Taxpayers can also pay their property taxes by mail. The payment should be mailed to the following address:

Alcorn County Tax Collector P.O. Box 1300 Corinth, MS 38835

Payments made by mail must be postmarked by the due date to avoid late fees.

Another payment option is to pay online. Taxpayers can visit the Alcorn County website and follow the prompts to pay their property taxes online. There is a convenience fee associated with this payment method.

In summary, property taxes in Alcorn County are typically due on February 1st, with a 30-day grace period until March 1st. Taxpayers can pay in person, by mail, or online (with a convenience fee).

If you have more questions - contact your local tax collector.

How is Alcorn County Property Tax penalty calculated ?

Alcorn County Property Tax Penalty Calculation

Property owners in Alcorn County are required to pay their property taxes on time each year. Failure to do so will result in a penalty being added to the original amount owed.

The penalty for late payment of property taxes in Alcorn County is calculated as a percentage of the total taxes owed. The penalty starts at 1% of the total taxes owed after the due date, and then increases by an additional 1% each month until the taxes and penalties are paid in full.

For example, if a property owner owes $1,000 in property taxes and fails to pay by the due date, the penalty for the first month would be 1% of $1,000, or $10. If the taxes and penalties are not paid within the first month, the penalty for the second month would be 2% of $1,000, or $20. The penalty would continue to increase each month until the taxes and penalties are paid in full.

It is important for property owners in Alcorn County to pay their property taxes on time to avoid penalties and additional fees. By paying on time, property owners can help fund important community services and programs, such as schools, law enforcement, and transportation.

We recommend contacting the Alcorn County Tax Office or a local tax professional for the most up-to-date and accurate information.

Alcorn County tax offices:

Author: Michael Davis
Bio: Michael is a civil servant based in the United States with a deep understanding of property tax. He uses his expertise to educate homeowners and investors on the intricacies of the property tax system through his blog. Michael believes in empowering his readers with knowledge to make informed decisions about their property taxes. When he's not working, Michael enjoys hiking and exploring the great outdoors.