Example of Hinds County Property Tax Calculation
Hinds County Property Tax is calculated based on the value of the property owned by a homeowner. For example, if a homeowner owns a property valued at $100,000, the property tax is calculated by multiplying the assessed value of the property by the millage rate. The millage rate is the amount of tax that is paid per $1,000 of the assessed value of the property.
Assuming that the millage rate for Hinds County is 50, the property tax for the homeowner would be calculated as follows:
Assessed value of the property = $100,000 Millage rate = 50
Property tax = (Assessed value of the property / 1,000) x Millage rate Property tax = ($100,000 / 1,000) x 50 Property tax = $5,000
Therefore, the property tax for the homeowner with a property valued at $100,000 in Hinds County would be $5,000.
If you want appeal your property tax assessment - contact your local tax assessor.
Hinds County Property Tax Rates
The Hinds County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.981 |
| School | $1.859 |
| City of Jackson | $2.357 |
| City of Clinton | $1.620 |
| City of Byram | $3.860 |
| City of Raymond | $2.320 |
Please note that these rates may vary based on the specific property and location within Hinds County.
Who sets property tax rates in Hinds County ?
Property Tax Rates in Hinds County, USA
Property tax rates in Hinds County are set by the Hinds County Board of Supervisors. The board sets the property tax rates annually during its budget process. Property taxes are due by February 1st of each year, and become delinquent after that date.
Property tax rates in Hinds County are based on the assessed value of the property. The assessed value is determined by the Hinds County Tax Assessor, who assesses the value of the property based on its market value. The assessed value is then multiplied by the property tax rate to determine the amount of property tax owed.
The property tax rate in Hinds County varies depending on the location of the property and the type of property. The tax rate for residential property is lower than the tax rate for commercial property. The tax rate also varies by municipality within the county.
In addition to the property tax rate, property owners may be required to pay additional taxes, such as school taxes or special assessment taxes. These taxes are set by other governing bodies, such as school boards or special taxing districts.
Overall, property tax rates in Hinds County are an important source of funding for local government services, including schools, police, and fire protection. It is important for property owners to understand how property tax rates are set and how they impact their financial obligations.
Homestead exemptions in Hinds County ?
To help homeowners in Hinds County, Mississippi understand their eligibility for Homestead exemptions and deductions, a table with the following columns has been created:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic Homestead Exemption | Must be the homeowner and occupy the property as a primary residence as of January 1st. | $7,500 | |
| Additional Homestead Exemption for Persons 65 and Over or Persons with Disabilities | Must be 65 years of age or older, or have a disability as defined by law, and meet the requirements for the basic homestead exemption. | $75,000 | |
| Homestead Exemption for Veterans | Must be a wartime veteran with honorable discharge, or the spouse of a deceased wartime veteran, and meet requirements for the basic homestead exemption. | $7,500 | |
| Homestead Exemption for Surviving Spouses of Military Members | Must be the surviving spouse of a military member who died while on active duty, and meet requirements for the basic homestead exemption. | $7,500 | |
| Homestead Exemption for Disabled Veterans | Must have a service-connected disability and meet requirements for the basic homestead exemption. | 100% of assessed value | |
| Homestead Exemption for Totally Disabled Persons | Must be totally disabled and meet requirements for the basic homestead exemption. | All assessed value | |
| Homestead Exemption for Low-Income Elderly or Disabled Persons | Must meet income requirements and have a total disability or be at least 65 years of age with limited income. | Up to $5,000 |
Notes:
- To apply for these exemptions, homeowners must submit appropriate documentation to the Hinds County Tax Assessor's office by April 1st of the year they wish to claim the exemption.
- The amounts listed are deducted from the assessed value of the property for tax purposes, potentially reducing the amount of property taxes owed.
- Homeowners should contact the Hinds County Tax Assessor's office for more information and to confirm eligibility for these exemptions.
When is Hinds County Property Tax due ?
Hinds County Property Tax Due Date and Payment Methods
- Hinds County Property Tax is typically due on February 1st of each year.
- If the due date falls on a weekend or a holiday, the deadline will be extended to the next business day.
- Taxpayers can make payments by mail, in person, or online.
- When paying by mail, taxpayers can send a check or money order along with the payment stub to the Hinds County Tax Collector's office.
- For in-person payments, taxpayers can visit the same office and pay using cash, check, or credit card.
- Online payments can be made through the Hinds County Tax Collector's website using a credit card or e-check.
- It is important to note that if the property taxes are not paid by the due date, a penalty and interest will be added to the amount owed.
- Taxpayers should also keep in mind that if they have a mortgage, their lender may pay the property taxes on their behalf and include it in their mortgage payments.
In summary, Hinds County Property Tax is due on February 1st and payments can be made by mail, in person, or online using various payment methods. Taxpayers should ensure that they pay their property taxes on time to avoid penalties and interest.
If you have more questions - contact your local tax collector.
How is Hinds County Property Tax penalty calculated ?
Hinds County Property Tax Penalty Calculation
In Hinds County, Mississippi, property owners are required to pay their property taxes by January 31st of each year. Failure to pay on time will result in a penalty being added to the tax bill. The penalty is calculated as follows:
- February 1st: 1% penalty
- March 1st: 2% penalty
- April 1st: 3% penalty
- May 1st: 4% penalty
- June 1st: 5% penalty
- July 1st: 6% penalty
- August 1st: 7% penalty
- September 1st: 8% penalty
- October 1st: 9% penalty
- November 1st: 10% penalty
For example, if a property owner has a tax bill of $1,000 and fails to pay by February 1st, a 1% penalty of $10 will be added to the bill, making the new total $1,010. If the bill is still not paid by March 1st, an additional 2% penalty of $20 will be added, bringing the new total to $1,030. This pattern continues until the maximum penalty of 10% is reached in November.
It's important to note that if a property owner is unable to pay the full tax bill by the January 31st deadline, they can make partial payments to avoid some of the penalties. However, the full amount must be paid by November 1st to avoid the maximum penalty.
In conclusion, property owners in Hinds County should make every effort to pay their property taxes on time to avoid the added penalties. It's also important to be aware of the penalty schedule to understand the consequences of late payments.
We recommend contacting the Hinds County Tax Office or a local tax professional for the most up-to-date and accurate information.