Example of Pearl River County Property Tax Calculation
Pearl River County property tax calculation is based on the assessed value of the property and the millage rate set by the county government. The assessed value is determined by the county appraiser's office and is equal to the fair market value of the property.
To calculate the property tax, you need to multiply the assessed value by the millage rate. For example, if the assessed value of the property is $100,000 and the millage rate is 10 mills, the property tax would be $1,000 ($100,000 x 0.01).
It's important to note that the millage rate can vary depending on the location and type of property. Additionally, there may be exemptions or credits available for certain property owners, such as senior citizens or veterans.
In Pearl River County, property taxes are due by January 31st of each year. Failure to pay property taxes can result in penalties and interest charges.
If you want appeal your property tax assessment - contact your local tax assessor.
Pearl River County Property Tax Rates
Here is a formatted table of the current Pearl River County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.615 |
| School Tax | $2.850 |
| City Tax | $0.000 - $0.800 (varies by city) |
It is important to note that the city tax rate varies by each individual city within Pearl River County.
Who sets property tax rates in Pearl River County ?
Property Tax Rates in Pearl River County, Mississippi
The property tax rates in Pearl River County are set by the county board of supervisors annually. They are responsible for determining the tax levy for the county and ensuring that it is in compliance with state laws and regulations.
The board typically holds public hearings in the fall to gather input from taxpayers and other interested parties on the proposed tax rate. After considering all of the input and reviewing the county's budget, the board sets the tax rate for the upcoming year.
Property taxes in Pearl River County are based on the assessed value of the property. The county tax assessor's office is responsible for determining the assessed value of each property in the county.
Property owners in Pearl River County can expect to receive their tax bills in November, and payment is due by the end of the year. Failure to pay property taxes can result in penalties and interest charges.
It is important for property owners to stay informed about the property tax rates and any changes that may impact their tax bills. Working with a tax advisor or accountant can help ensure that property owners are paying the correct amount of taxes and taking advantage of any available deductions or exemptions.
Homestead exemptions in Pearl River County ?
To help homeowners in Pearl River County, Mississippi take advantage of all available Homestead exemptions and deductions, the following table outlines the exemptions, eligibility criteria, maximum amounts, and important notes for each:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Any homeowner who occupies their primary residence | Up to $7,500 | Applies to the assessed value of the property |
| Senior Citizen Exemption | Homeowners 65 years or older | Up to $30,000 | Applies to the assessed value of the property |
| Disability Exemption | Homeowners with a documented disability | Up to $7,500 | Applies to the assessed value of the property |
| Veterans Exemption | Veterans or their surviving spouses | Up to $7,500 | Applies to the assessed value of the property |
| School Tax Credit | Any homeowner with a child enrolled in public school | Up to $1,500 | Applies to the assessed value of the property |
| Additional Veteran's Exemption | Veterans with 100% service-connected disability | Additional $67,000 exemption | Applies to the assessed value of the property |
It's important to note that homeowners must apply for these exemptions and provide all required documentation by April 1 of each year. Failure to do so may result in delayed or denied eligibility. Additionally, these exemptions only apply to primary residences and not to rental or commercial properties.
By taking advantage of these Homestead exemptions and deductions, homeowners in Pearl River County can save money on their property taxes and reduce their financial burden.
When is Pearl River County Property Tax due ?
According to the official website of Pearl River County, property tax is typically due on February 1st of each year. However, if the due date falls on a weekend or holiday, the deadline is extended to the next business day.
Payment methods for property tax in Pearl River County include:
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Online Payments: Payments can be made through the Pearl River County website using a credit or debit card or e-check.
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Mail: Payments can be mailed to the Pearl River County Tax Collector's Office. The mailing address can be found on the county's website.
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In-Person: Payments can be made in-person at the Pearl River County Tax Collector's Office. The office is located at 200 South Main Street, Poplarville, MS 39470.
It is important to note that failure to pay property tax on time may result in late fees and penalties. Therefore, it is recommended to make payments before the due date to avoid any additional charges.
If you have more questions - contact your local tax collector.
How is Pearl River County Property Tax penalty calculated ?
The Pearl River County Property Tax penalty is calculated based on a formula that takes into account the unpaid balance, the length of time the balance has been outstanding, and the interest rate. Here is an example of how the penalty is calculated:
Assume Mr. Smith owns a property in Pearl River County and has not paid his property taxes on time. His unpaid tax balance is $10,000, and he has been delinquent for 120 days. The interest rate for delinquent property taxes in Pearl River County is 1% per month.
To calculate the penalty, we can first determine the interest owed on the unpaid balance. The interest rate of 1% per month can be converted to an annual rate of 12%. Therefore, the interest owed by Mr. Smith would be:
Interest = Unpaid Balance x Interest Rate x Time Interest = $10,000 x 12% x (120/365) Interest = $394.52
Next, we can calculate the penalty by adding the interest owed to the unpaid balance and multiplying the total by a penalty rate. The penalty rate varies depending on the length of time the balance has been outstanding. In Pearl River County, the penalty rate is:
- 1% for balances delinquent for up to 30 days
- 2% for balances delinquent for 31-60 days
- 3% for balances delinquent for 61-90 days
- 4% for balances delinquent for 91-120 days
- 5% for balances delinquent for more than 120 days
Since Mr. Smith's balance has been delinquent for 120 days, the penalty rate would be 4%. Therefore, the penalty would be:
Penalty = (Unpaid Balance + Interest) x Penalty Rate Penalty = ($10,000 + $394.52) x 4% Penalty = $415.82
In summary, the Pearl River County Property Tax penalty is calculated based on the unpaid balance, length of time delinquent, and the penalty rate. Property owners who pay their taxes on time can avoid incurring any penalty.
We recommend contacting the Pearl River County Tax Office or a local tax professional for the most up-to-date and accurate information.