Example of Neshoba County Property Tax Calculation
Neshoba County Property Tax calculation is based on the assessed value of the property and the current tax rate.
For example, if a property in Neshoba County has an assessed value of $100,000 and the current tax rate is 1%, the property tax owed would be $1,000 (100,000 x 0.01).
To calculate the assessed value of a property, the Neshoba County tax assessor will typically consider factors such as the property's size, location, and condition. The assessed value may also take into account any improvements made to the property, such as renovations or additions.
It's important to note that property tax rates can vary from year to year and may be subject to change based on local government budget needs. Property owners in Neshoba County can contact their local tax assessor's office for more information on current property tax rates and how their taxes are calculated.
If you want appeal your property tax assessment - contact your local tax assessor.
Neshoba County Property Tax Rates
Neshoba County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.6925 |
| City | $0.5380 |
| School | $1.8700 |
| Fire | $0.1660 |
| Road | $0.0825 |
| Total | $3.3490 |
As a tax advisor, it is important to be aware of the property tax rates in Neshoba County. The table above provides a clear breakdown of the tax rates for county, city, school, fire, and road taxes. The total tax rate per $100 of assessed value is $3.3490. It is important for property owners to keep these rates in mind when budgeting for their property taxes.
Who sets property tax rates in Neshoba County ?
Who sets property tax rates in Neshoba County?
The property tax rates in Neshoba County are set by the Board of Supervisors. The Board consists of five elected officials who represent the various districts in the county.
When are property tax rates set in Neshoba County?
The Board of Supervisors typically sets the property tax rates in Neshoba County during their regular meeting in September of each year. This allows property owners to receive their tax bills in a timely manner and plan accordingly for the upcoming year.
Homestead exemptions in Neshoba County ?
In Neshoba County, Mississippi, there are various Homestead exemptions and deductions available for eligible homeowners. To help you understand these exemptions and deductions, we have created a table with columns for exemption, eligibility, amount, and notes.
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Must be a resident homeowner | Up to $7,500 | Applies to the first $7,500 of assessed value |
| Over 65 Exemption | Must be 65 or older, and a resident homeowner | Up to $10,000 | Applies to the first $10,000 of assessed value |
| Disability Exemption | Must have a total disability rating of 100% from the VA or Social Security Administration, and a resident homeowner | Up to $7,500 | Applies to the first $7,500 of assessed value |
| Agricultural Use Exemption | Must use the property for agriculture purposes | Up to 100% | Applies to the assessed value of the land used for agriculture |
It is important to note that there may be additional requirements or limitations for these exemptions and deductions. Homeowners should contact their local tax assessor's office for more information and to apply for these benefits.
When is Neshoba County Property Tax due ?
Neshoba County Property Tax is typically due on February 1st of each year. There are several payment methods available for residents of Neshoba County, including:
- Online Payment: Residents can pay their property tax online through the Neshoba County Tax Collector's website. This method accepts Visa, Mastercard, Discover, and American Express.
- Mail: Residents can mail their payment to the Neshoba County Tax Collector's Office. The address for the office can be found on their website.
- In Person: Residents can also pay their property tax in person at the Neshoba County Tax Collector's Office. The office is located at 401 Beacon St, Philadelphia, MS 39350.
It's important to note that if the property tax is not paid by February 1st, late fees and penalties may be added to the amount owed. It's recommended that residents pay their property tax on time to avoid any additional fees. Additionally, if a resident is unable to pay their property tax in full, they may be eligible for a payment plan. The Neshoba County Tax Collector's Office can provide more information on payment plans if needed.
If you have more questions - contact your local tax collector.
How is Neshoba County Property Tax penalty calculated ?
Neshoba County Property Tax penalty is calculated based on a set of rules established by the county government. The penalty is charged on delinquent or late property tax payments. Here's an example:
Example:
Let's assume that John owns a house in Neshoba County, and he has to pay property tax on it. The due date for the tax payment is December 31 of every year.
If John fails to pay the tax amount by December 31, he will be charged a penalty. The penalty is calculated as follows:
- A 1% penalty is charged on the unpaid tax amount from January 1 to February 1.
- An additional 1% penalty is charged on the unpaid tax amount every month after February 1 until the tax is paid.
Suppose John fails to pay the property tax on time, and the unpaid tax amount is $1,000. Here's how the penalty will be calculated:
| Month | Penalty | Total Amount Due |
|---|---|---|
| Jan | $10 | $1,010 |
| Feb | $20 | $1,020 |
| Mar | $30 | $1,030 |
| Apr | $40 | $1,040 |
| May | $50 | $1,050 |
| Jun | $60 | $1,060 |
| Jul | $70 | $1,070 |
| Aug | $80 | $1,080 |
| Sep | $90 | $1,090 |
| Oct | $100 | $1,100 |
| Nov | $110 | $1,110 |
| Dec | $120 | $1,120 |
As you can see, the penalty increases every month until the tax is paid. Therefore, it is important to pay property taxes on time to avoid any penalties.
In summary, Neshoba County Property Tax penalty is calculated based on a set of rules established by the county government. Property owners who fail to pay their property taxes on time will be charged a penalty, which increases every month until the tax is paid.
We recommend contacting the Neshoba County Tax Office or a local tax professional for the most up-to-date and accurate information.