Example of Jefferson Davis County Property Tax Calculation
Jefferson Davis County calculates property tax based on the assessed value of a property. To determine the assessed value, the county assessor evaluates the property and assigns a value based on its market worth. The assessed value is then multiplied by the county's tax rate to calculate the property tax owed.
For example, let's say a property in Jefferson Davis County has an assessed value of $100,000 and the county's tax rate is 1%. To calculate the property tax, simply multiply the assessed value by the tax rate:
$100,000 x 0.01 = $1,000
Therefore, the property owner would owe $1,000 in property tax to Jefferson Davis County.
It's important to note that property tax rates may vary by county and can change from year to year. Property owners can contact their county assessor's office for more information on property assessments and tax rates in their area.
If you want appeal your property tax assessment - contact your local tax assessor.
Jefferson Davis County Property Tax Rates
The table below displays the property tax rates in Jefferson Davis County in terms of tax and rate per 100$ of assessed value:
| Tax type | Rate per $100 of assessed value |
|---|---|
| County General Fund | $0.45 |
| County School District | $2.00 |
| County Road and Bridge Fund | $0.15 |
| City of Prentiss General Fund | $0.50 |
| City of Prentiss School District | $1.70 |
Note that these rates are subject to change, and property owners in Jefferson Davis County should consult with a tax professional for specific advice regarding their individual tax situation.
Who sets property tax rates in Jefferson Davis County ?
Who sets property tax rates in Jefferson Davis County and when they are set are important questions for residents and property owners in the area. Here is the information you need:
Who sets property tax rates in Jefferson Davis County?
The Jefferson Davis County Board of Supervisors sets property tax rates in the county. This board is made up of five members, each elected from different districts within the county. The board sets tax rates for all property owners in the county, including residential, commercial, and agricultural properties.
When are property tax rates set in Jefferson Davis County?
The Jefferson Davis County Board of Supervisors sets property tax rates annually. The board meets in the fall of each year to determine tax rates for the upcoming year. Property owners are notified of their tax rate in the mail, and have the option to appeal their tax assessment if they disagree with it.
It is important for property owners in Jefferson Davis County to stay informed about property tax rates and any changes that may affect them. If you have questions about property tax rates in Jefferson Davis County, you can contact the Jefferson Davis County Tax Assessor's Office for more information.
Homestead exemptions in Jefferson Davis County ?
A table has been created below outlining the Homestead exemptions and deductions specific to Jefferson Davis County in Mississippi. These exemptions and deductions can help eligible homeowners save money on property taxes by reducing the taxable value of their primary residence.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead exemption | Must be a permanent resident of Mississippi and occupy the property as a primary residence | Up to $7,500 | Applied to the assessed value of the property |
| Disabled veteran exemption | Must be honorably discharged from the military and have a service-related disability rating of at least 100% | Up to $150,000 of the assessed value | Exemption applies to county and state taxes |
| Senior citizen exemption | Must be 65 years of age or older | Up to $30,000 of the assessed value | Exemption applies to county and state taxes |
| Homestead exemption for disabled persons | Must have a total disability rating of 100% for service-connected disability, or be totally disabled and unable to work | Up to $75,000 of the assessed value | Exemption applies to county and state taxes |
| Agricultural land exemption | Must own at least 10 acres of land that is primarily used for agricultural purposes | Exemption varies based on acreage and use of land | Exemption applies to county taxes only |
It is important to note that eligibility and amounts for these exemptions and deductions may vary based on individual circumstances. Homeowners should consult with their local county assessor's office for more information on their eligibility and how to apply for these exemptions and deductions.
When is Jefferson Davis County Property Tax due ?
Jefferson Davis County Property Tax is typically due on February 1st of each year. However, taxpayers have until March 1st to pay their taxes before penalties are assessed.
Payment methods for Jefferson Davis County Property Tax include:
- Online payments: Taxpayers can pay their property taxes online through the Jefferson Davis County Tax Collector's website. Payments can be made using a debit or credit card.
- Mail-in payments: Taxpayers can mail their property tax payment to the Jefferson Davis County Tax Collector's office. Payments should be made with a check or money order payable to the Jefferson Davis County Tax Collector.
- In-person payments: Taxpayers can make their property tax payment in-person at the Jefferson Davis County Tax Collector's office. Payments can be made using cash, check, or money order.
It's important to note that if property taxes are not paid by March 1st, a 1% penalty will be added each month until the taxes are paid in full. Therefore, it's recommended to pay property taxes on or before the due date to avoid penalties.
If you have more questions - contact your local tax collector.
How is Jefferson Davis County Property Tax penalty calculated ?
Jefferson Davis County Property Tax Penalty Calculation
When property taxes are not paid on time, Jefferson Davis County imposes a penalty on the unpaid taxes. The penalty is calculated as a percentage of the unpaid taxes and increases over time until the taxes are paid in full. Here is an example of how the penalty is calculated:
Assume that a property owner in Jefferson Davis County owes $1,000 in property taxes for the year. The taxes are due on January 1st but the owner does not pay until April 1st. The penalty for late payment is calculated as follows:
| Time | Penalty | Total Amount Due |
|---|---|---|
| April 1st | 3% of $1,000 = $30 | $1,030 |
| May 1st | 4% of $1,000 = $40 | $1,070 |
| June 1st | 5% of $1,000 = $50 | $1,120 |
| July 1st | 6% of $1,000 = $60 | $1,180 |
As you can see, the penalty increases by 1% per month until it reaches a maximum of 6%. In this example, the property owner would need to pay $1,180 by July 1st to avoid any further penalties.
It is important to note that Jefferson Davis County also charges interest on delinquent taxes, which can also increase the amount due over time. Therefore, it is important to pay property taxes on time or to make arrangements with the county to avoid penalties and interest.
We recommend contacting the Jefferson Davis County Tax Office or a local tax professional for the most up-to-date and accurate information.