Taxes
Commercial and Personal Property Taxes
- Most assessed at 15% of true value
- Owner-occupied residential property assessed at 10% of true value
- Motor vehicles and utilities (excluding railroads) assessed at 30% of true value
- No state property tax
Millage Rates (2010-11)
| Type of Tax | Millage Rate |
| County | 49.77 to 52.97 mills* |
| City | 20.00 to 44.40 mills* |
| Schools | 58.00 to 62.77 mills* |
* Millage rates are dependent on tax district of the property, view a map of parcels to determine the millage rates.
General Retail Sales Tax
Personal and Corporate Income Tax
| Amount of taxable income | Rate |
| First $5,000 | 3% |
| Second $5,000 | 4% |
| Remaining amount | 5% |
For more information on personal and corporate taxes, visit the Mississippi Department of Revenue website.
