Oktibbeha County property tax

Example of Oktibbeha County Property Tax Calculation

Oktibbeha County Property Tax is calculated based on the assessed value of the property. Here's an example of how it works:

Let's say a property in Oktibbeha County has an assessed value of $100,000. The millage rate for the county is 20 mills. To calculate the property tax, you would multiply the assessed value by the millage rate and divide by 1,000.

In this case, the property tax would be:

$100,000 x 20 / 1,000 = $2,000

So the property owner would owe $2,000 in property taxes to Oktibbeha County for the year.

It's important to note that there may be additional fees and taxes at the state or local level, and that the assessed value of the property can change over time based on factors such as improvements or changes in market conditions.

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

Oktibbeha County Property Tax Rates

Here is a formatted table of Oktibbeha County Property Tax rates:

These rates are subject to change and may vary based on specific property assessments. It is important for property owners in Oktibbeha County to consult with a qualified tax advisor for personalized advice regarding their property tax liabilities.

Who sets property tax rates in Oktibbeha County ?

Who Sets Property Tax Rates in Oktibbeha County?

The Oktibbeha County Board of Supervisors sets property tax rates in Oktibbeha County. They are responsible for determining the rates and making any necessary adjustments.

When Are Property Tax Rates Set?

Property tax rates are set annually, usually in September or October. The Board of Supervisors holds public hearings to gather feedback from taxpayers before finalizing the rates.

How Are Property Tax Rates Determined?

Property tax rates are based on the assessed value of properties in Oktibbeha County. The Board of Supervisors uses this value to determine the rate needed to generate the required revenue for the county budget.

What Is the Current Property Tax Rate in Oktibbeha County?

The current property tax rate in Oktibbeha County is 128.25 mills, which is equivalent to $12.825 for every $1,000 of assessed value. However, it is important to note that this rate may be subject to change annually based on the county's budget needs.

Homestead exemptions in Oktibbeha County ?

In Oktibbeha County, Mississippi, there are several Homestead exemptions and deductions available for eligible residents. Here is a breakdown of the specific exemptions and deductions available, along with their eligibility requirements, exemption amounts, and any important notes:

It is important to note that these exemptions and deductions have specific eligibility requirements and deadlines for application. Homeowners in Oktibbeha County can benefit from these exemptions and deductions to reduce their property taxes.

When is Oktibbeha County Property Tax due ?

In Oktibbeha County, Mississippi, property taxes are typically due on January 31st of each year. However, if January 31st falls on a weekend or holiday, the due date may be extended to the next business day.

Oktibbeha County offers several payment methods for property taxes, including:

• In-person payments at the Oktibbeha County Tax Collector's office, located at 101 W Main St, Starkville, MS 39759. The office is open Monday through Friday from 8:00 am to 5:00 pm.
• Online payments through the Oktibbeha County website using a credit or debit card. A convenience fee is charged for online payments.
• Mail-in payments by check or money order made payable to "Oktibbeha County Tax Collector." The payment must include the taxpayer's name, property address, and parcel number.

It is important to note that failure to pay property taxes by the due date may result in penalties and interest charges. Therefore, taxpayers should plan to make their payments on time and choose a payment method that works best for them.

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

How is Oktibbeha County Property Tax penalty calculated ?

Oktibbeha County Property Tax Penalty Calculation

Oktibbeha County in Mississippi, USA levies property tax on all real estate and personal property. Property owners are required to pay their taxes by January 31st of each year. Failure to pay the taxes on time, results in a penalty being levied. This penalty is calculated based on the delinquent taxes owed and the number of days the taxes are past due.

The penalty for Oktibbeha County property tax is calculated as follows:

• Interest Rate: The interest rate is set at 1% per month or 12% per annum. This is the rate applied to the delinquent tax amount.

• Penalty Rate: An additional 1% penalty is added to the delinquent tax amount for every month that the payment is late. There is a maximum penalty cap of 25%.

To better understand this calculation, let's take an example:

• A property owner has a tax bill of $2,500 due on January 31st.
• They fail to pay the amount by the due date and make the payment on March 31st, 60 days late.
• The delinquent amount owed will be $2,500 plus interest of $50 (2 months x 1% interest) which equals $2,550.
• The amount of penalty will be $63.75 (3 months late x 1% penalty rate x $2,500) since the maximum cap of 25% has not been reached yet.
• Therefore, the total amount owed will be $2,550 (delinquent tax amount + interest) + $63.75 (penalty amount) = $2,613.75.

In conclusion, property owners in Oktibbeha County should pay their property taxes on time to avoid incurring late payment penalties. The penalty amount increases with each passing month; therefore, it is best to make timely payments to avoid any unnecessary financial burden.

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

Oktibbeha County tax offices:

• Oktibbeha County tax assessor
• Oktibbeha County tax collector
• Oktibbeha County tax commissioner
• Oktibbeha County tax appraiser
• Oktibbeha County tag office