Example of Noxubee County Property Tax Calculation
Noxubee County calculates property tax based on the assessed value of the property. The tax rate for the county is $0.789 per $100 of assessed value.
To calculate the property tax, you need to know the assessed value of the property. For example, if the assessed value of a property is $50,000, the property tax would be calculated as follows:
$50,000 รท 100 = $500 (the assessed value divided by 100) $500 x $0.789 = $394.50 (the assessed value multiplied by the tax rate)
Therefore, the property tax for a property with an assessed value of $50,000 in Noxubee County would be $394.50.
If you want appeal your property tax assessment - contact your local tax assessor.
Noxubee County Property Tax Rates
The table below shows the property tax rates for Noxubee County in Mississippi.
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.8800 |
| School District 1 (Macon) | $2.1700 |
| School District 2 (Shuqualak) | $2.1700 |
| School District 3 (Brooksville) | $2.1700 |
| School District 4 (Mashulaville) | $2.1700 |
| School District 5 (Preston) | $2.1700 |
It is important to note that these rates are subject to change and that property taxes are calculated based on the assessed value of the property. Property owners in Noxubee County should contact their local tax assessor's office for more information on their specific property tax rate.
Who sets property tax rates in Noxubee County ?
Who and When Sets Property Tax Rates in Noxubee County?
The property tax rates in Noxubee County are set by the Noxubee County Board of Supervisors. The board is made up of five elected officials who serve four-year terms.
The board sets the property tax rates annually during their regular meetings, which are held on the first and third Monday of each month. The rates are based on the county's budget needs and are established to generate revenue to fund county services like schools, roads, and public safety.
Property tax rates are calculated by multiplying the assessed value of a property by the tax rate. The assessed value of a property is determined by the Noxubee County Tax Assessor's office, which assigns a value to each property based on its market value.
Property owners in Noxubee County have the right to appeal their assessed value if they believe that it has been set too high. The appeal process is initiated by filing a request with the Noxubee County Tax Assessor's office.
By staying informed about the role of the Noxubee County Board of Supervisors in setting property tax rates, property owners can better understand how their taxes are calculated and how they can take action if necessary.
Homestead exemptions in Noxubee County ?
To help homeowners in Noxubee County, Mississippi navigate the various Homestead exemptions and deductions available to them, we've compiled a list of county-specific information. Below is a breakdown of the available exemptions and deductions, along with eligibility requirements, monetary amounts, and any important notes to keep in mind.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Regular Homestead Exemption | Any homeowner | $7,500 | Must own and occupy the property as their primary residence |
| Disability Homestead Exemption | Any homeowner with a disability | $75,000 | Must provide proof of disability |
| Senior Citizen Homestead Exemption | Any homeowner 65 years or older | $75,000 | Must provide proof of age |
| Additional Senior Citizen Homestead Exemption | Any homeowner 65 years or older with an adjusted gross income of $75,000 or less | Additional $25,000 | Must provide proof of income and age |
| Homestead Tax Credit | Any homeowner with an income of $7,500 or less | Tax credit equal to the amount of property taxes owed | Must provide proof of income |
Some important notes to keep in mind:
- Homeowners may only receive one Homestead exemption per property.
- Applications for Homestead exemptions must be filed with the local tax assessor's office by April 1st of each year.
- Homeowners must provide all necessary proof of eligibility when applying for these exemptions.
By utilizing these Homestead exemptions and deductions, Noxubee County homeowners can save money on their property taxes and potentially reduce their overall tax burden.
When is Noxubee County Property Tax due ?
Noxubee County Property Tax is typically due on February 1st of each year. The due date for property tax is the same for all counties in Mississippi.
There are several payment methods available for taxpayers to pay their property taxes in Noxubee County. These include:
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In person: Taxpayers can make their payment in person at the Noxubee County Tax Collector's office. The office hours are Monday to Friday from 8:00 am to 5:00 pm.
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By mail: Taxpayers can mail their payment to the Noxubee County Tax Collector's office. The address is provided on the tax bill.
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Online: Taxpayers can pay their property taxes online using the Noxubee County Tax Collector's website. A convenience fee may be charged for online payments.
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By phone: Taxpayers can also pay their property taxes over the phone by calling the Noxubee County Tax Collector's office. A convenience fee may be charged for phone payments.
It is important to note that failure to pay property taxes by the due date can result in penalties and interest. Taxpayers are encouraged to pay their property taxes on time to avoid any additional charges.
If you have more questions - contact your local tax collector.
How is Noxubee County Property Tax penalty calculated ?
Noxubee County Property Tax Penalties
When a property owner fails to pay their property taxes on time, Noxubee County assesses a penalty. The penalty is calculated based on the amount of taxes owed and the length of time the payment is overdue. Here is an example to illustrate how the penalty is calculated:
- Property owner A owes $1,000 in property taxes for the 2020 tax year.
- The due date for payment is January 31, 2021.
- Property owner A fails to pay on time and waits until June 1, 2021, to make the payment.
The penalty for this late payment can be calculated as follows:
- The initial penalty for late payment is 1% of the unpaid balance, which is $10 (1% of $1,000).
- For each additional month that the payment is late, an additional 1% penalty is added. In this case, the payment is 4 months late, so the total penalty is 4% of the unpaid balance, or $40.
- In addition to the penalty, interest is also charged on the unpaid balance at a rate of 1% per month. In this case, the interest charged would be $40 (1% of $1,000) since the payment is 4 months late.
Therefore, the total penalty and interest assessed for Property owner A's late payment would be $90 ($10 initial penalty + $40 late payment penalty + $40 interest).
Property owners in Noxubee County are strongly encouraged to pay their property taxes on time to avoid penalties and interest charges. For more information about property taxes in Noxubee County, visit the Noxubee County Tax Assessor's website.
We recommend contacting the Noxubee County Tax Office or a local tax professional for the most up-to-date and accurate information.