Everyone:

More property tax info:

A couple of weeks ago the Madison County Chancery Clerk published a list of Unredeemed 2006 Taxes in the Madison County Herald. These parcels were sold at the 2007 Tax Sale and are still unredeemed, i.e., the 2006 taxes have not been paid by the owner.

Unredeemed parcels for 2006 taxes (2007 tax sale) must be redeemed by August 27,2009, or a tax sale/lien title may be issued to the person who bought the property at the tax sale in August 2007. Click here to go to the Madison County web site where listings can be downloaded.

If you have questions, or need to pay 2006 taxes, please contact Madison County Deputy Chancery Clerk Kamesha Mumford, (601) 855-5522.

Additional information on land records, court filings, etc., may be seen at the Madison County Chancery Clerk web site.

For purposes of assessment for ad valorem taxes, taxable property is divided into five (5) classes and is assessed at a percentage of its true value as follows:
Class 
Tax Rate

Class I  Single-family owner-occupied, residential real property 
TAX RATE =10% 

Class II  All other real property, except real property in Class I or Class IV 
TAX RATE =15% 

Class III  Personal property, except motor vehicles and Class IV property
TAX RATE =15% 

Class IV  Public service property assessed by the state or county except railroad and airline property
TAX RATE =30% 

Class V  Motor vehicles 
TAX RATE =30% 

In arriving at the true value of real property, the appraised value is to be made according to current use of property regardless of location. Laws provide a special mode of valuation and assessment for public service and railroad property not situated wholly in one county. All such property is assessed in proportion to its value according to its class, and no county or tax authority, is denied the right to levy county or other taxes upon such assessment as in other cases of property situated and assessed in the county. For the assessment of motor vehicles, laws provide a special mode of valuation, fixing the taxable year, date of tax lien, and method and date of assessing and collecting taxes.

(A mill is also one-thousandth of a dollar.) To calculate the property tax, the authority will multiply the assessed value of the property by the mill rate and then divide by 1,000. For example, a property with an assessed value of US$ 500,000 located in a municipality with a mill rate of 20 mills would have a property tax bill of US$ 10,000.00 per year.

One "mill" represents one dollar of tax on every thousand dollars of taxable property value.

Actually, the product is the tax on each dollar of taxable value. To determine the tax rate on every $1,000 of taxable value, multiply by 1,000 or just move the decimal point to the right three spaces.

 

Be informed, aware and engaged!

Let us hear what you think! Be in the Know!!!

Please let everyone know your comments, questions and concerns by posting a note on the Madison County Supervisor BLOG

And, please join the nearly 900 Madison County Facebook Group  members and discuss this and other issues of interest to all Madison County residents.

Or you can click here to send me an email.