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Corporate
Income Tax
Corporate Franchise Tax
Sales and Use Tax
Property Tax
State Unemployment Tax
Worker's Compensation
Personal Income Tax
PROPERTY
TAX
Counties and
municipalities levy a property tax on real and tangible personal
property. Most property is assessed at 15% of true value. Motor
vehicles and utilities (excluding railroads) are assessed at 30%
and owner-occupied residential properties at 10% of true value.
Property is appraised and assessed by local assessors. Depreciation
is allowed in determining true value. Tax rates are set by the political
subdivision based on local budget requirements.
Mississippi
does not have a state property tax.
Oktibbeha
County Property Taxes
Appraisals are based on current market value and are done by the
county tax assessor's office at the county and the city. Assessments
are calculated as follows:
| Residential
Property |
10%
|
| Industrial
& Commercial |
|
| Real
Property |
15% |
| Personal
Property |
15% |
Mileage rates
are subject to change each year.
| 2002
mileage rates (including school tax): |
|
| City: |
83.81 |
| County: |
44.93 |
|