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Yazoo County property tax

Published: 15.04.2023

Yazoo County Property Tax Rates

The table below shows the property tax rates in Yazoo County, Mississippi in terms of tax and rate per 100$ of assessed value:

Tax Rate per 100$ of Assessed Value
County $0.695
School $2.57
City of Yazoo $6.58
City of Bentonia $6.94

It is important to note that property tax rates may vary based on different factors such as location, property type and assessed value. Therefore, it is recommended to consult a tax advisor for personalized advice.

Who sets property tax rates in Yazoo County ?

In Yazoo County, property tax rates are set by the county Board of Supervisors. This typically takes place during an annual meeting where they review the county's budget needs and determine the appropriate tax rate to meet those needs. The property tax rate is expressed as a percentage of the assessed value of the property and is due annually on December 31st. The rate can vary depending on the type of property and its location within the county. It is important for taxpayers to stay informed about changes to property tax rates that may affect them.

Example of Yazoo County Property Tax Calculation

In Yazoo County, the property tax calculation is based on the assessed value of the property. To determine the assessed value, the county tax assessor assesses the value of the property based on its market value and applies the appropriate assessment ratio set by the state.

For example, if the market value of a property in Yazoo County is $200,000 and the assessment ratio is set at 10%, then the assessed value of the property would be $20,000.

Once the assessed value is determined, the property tax rate is applied to calculate the amount of property tax owed. The property tax rate in Yazoo County is set by the county Board of Supervisors and varies depending on the location and type of property.

For instance, if the property tax rate in a certain area is 2%, the property tax owed on the assessed value of $20,000 would be $400.

It is important to note that property tax calculations may also include additional levies and fees, such as school district taxes or special assessments.

Overall, understanding the property tax calculation in Yazoo County can help property owners prepare for their annual tax bill and ensure they are paying the correct amount based on their property's assessed value and tax rate.

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

When is Yazoo County Property Tax due ?

Yazoo County Property Tax is typically due on February 1st of each year. There are several payment methods available for taxpayers to choose from. These payment options include:

Payment Method Description
In Person Taxpayers can pay their property taxes in person at the Yazoo County Tax Collector's Office located at 209 East Broadway Street, Yazoo City, Mississippi. Payments can be made with cash, check, or money order.
By Mail Taxpayers can mail their property tax payments to the Yazoo County Tax Collector's Office at P.O. Box 156, Yazoo City, Mississippi 39194. Payments must be postmarked by February 1st to avoid penalties and interest.
Online Taxpayers can make their property tax payments online through the Yazoo County Tax Collector's website. Payments can be made using a debit or credit card.

It is important for taxpayers to remember that failure to pay property taxes by the due date may result in penalties and interest. Therefore, it is recommended that taxpayers make timely payments using one of the payment options available to them.

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

Homestead exemptions in Yazoo County ?

To help homeowners in Yazoo County, Mississippi, the local government provides various Homestead exemptions and deductions. Here is a table that outlines the exemptions, eligibility requirements, amount of deduction, and additional notes for each one:

Exemption Eligibility Amount Notes
Regular Homestead Exemption Owner-occupied homes $3000 off assessed value Must be applied for by April 1st
Additional Homestead Exemption for Persons 65 and Older or Totally Disabled Owner-occupied homes by at least one person 65 or older or totally disabled $3000 off assessed value Must be applied for by April 1st
Homestead Exemption for Veterans Owner-occupied homes by disabled veterans or their surviving spouses $7500 off assessed value Must have a 100% service-connected disability or be the surviving spouse of a veteran who died as a result of service
Exemption for Surviving Spouses of Law Enforcement Officers or Firefighters Surviving spouses of law enforcement officers or firefighters killed in the line of duty 100% exemption Must be applied for by April 1st
Exemption for Property of Institutions of Higher Learning Property owned and operated by institutions of higher learning Exempt from ad valorem tax -

It's important to note that these exemptions and deductions only apply to the homeowner's primary residence and not rental properties or vacation homes. Homeowners must also apply for these exemptions by the specified deadline in order to receive the deduction on their property taxes.

How is Yazoo County Property Tax penalty calculated ?

Yazoo County calculates property tax penalties based on a set formula. The penalty is 1.5% of the unpaid tax amount for each month that the payment is late. Here is an example to illustrate how the penalty is calculated:

Let's say that John owns a property in Yazoo County and his property tax bill is $1,000. The due date for payment is January 31st. However, John forgets to pay and misses the payment deadline. He finally pays on March 15th. By this time, he is two months late on payment.

To calculate the penalty, we first need to determine the number of months that John is late. In this case, John is two months late (February and March). We then multiply the unpaid tax amount ($1,000) by the penalty rate (1.5%) and the number of months late (2).

So, John's penalty would be calculated as follows:

$1,000 x 1.5% x 2 = $30

Therefore, John would owe $1,030 in total ($1,000 for the unpaid tax amount plus $30 for the penalty).

It's important to note that the penalty continues to accrue for each additional month that the payment is late. So if John had paid in April instead of March, the penalty would have been 3% ($1,000 x 1.5% x 3 = $45).

In summary, property tax penalties in Yazoo County are calculated by multiplying the unpaid tax amount by 1.5% and the number of months that the payment is late. It's crucial to pay on time to avoid incurring additional penalties and fees.

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

Yazoo County tax offices:

Author: Michael Davis
Bio: Michael is a civil servant based in the United States with a deep understanding of property tax. He uses his expertise to educate homeowners and investors on the intricacies of the property tax system through his blog. Michael believes in empowering his readers with knowledge to make informed decisions about their property taxes. When he's not working, Michael enjoys hiking and exploring the great outdoors.