Upcoming Deadline for Mississippi Property Tax Appeals
Alexander Carr, Senior Manager 404.365.0922 | alexander.carr@ryan.com
Aaron Thomas, Consultant 404.365.0922 | aaron.thomas@ryan.com
All property in Mississippi is assessed annually by the county assessor with the requirement to be valued uniformly and proportionately. Property owners need to be prepared to file an appeal as soon as their values are issued by county assessment officials. You may review your property appraisal at the Assessor’s Office for the current year until June. After July 1, you must appeal in writing to the Board of Supervisors. The deadline for filing an appeal in writing to the Board of Supervisors is August 5. The assessment ratios for property are set by the Mississippi Constitution. Properties are divided into five classes, each with its own assessment ratio. They are:
- Class I. Single-family, owner-occupied, and residential real property at 10% of true value
- Class II. All other real property, except for real property included in Class I or IV, at 15% of true value
- Class III. Personal property, except for motor vehicles and for personal property included in Class IV, at 15% of true value
- Class IV. Public utility property, which is property owned or used by public service corporations required by general laws to be appraised and assessed by the state or the county, excluding railroad and airline property and motor vehicles, at 30% of true value
- Class V. Motor vehicles, at thirty percent (30%) of true value
The local experts at Ryan expect the 2024 values to increase for many property owners. Our team has significant experience in performing assessment reviews, assisting with tax estimates, and preparing and presenting cases informally and formally to local tax assessors and the Boards of Equalization across Mississippi.