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Property FAQs - Mississippi

The following is intended to provide general information concerning a frequently asked question about taxes administered by the Mississippi Tax Commission. It is an informal interpretation of the tax law and is not intended to serve as a rule, regulation, declaratory opinion, or letter ruling. Legislation, regulations, court decisions, notices and announcements could affect the accuracy of this information. Please refer to the Mississippi Code Annotated and the Mississippi Administrative Code for the most current version of the law and administrative procedures. Property faqs What is Property tax? Property tax, or ad valorem tax, is a tax imposed on the ownership or possession of Property and is generally based on the value of the Property .

The true value of the property is multiplied by the appropriate assessment ratio to determine the assessed value. The assessed value is multiplied by the local

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  Assessment, Property, Faqs, Mississippi, Property faqs

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