Get to know Mississippi property assessment laws There are 5 classes of taxable property taken into account when determining Mississippi property values. It's assessed at a percentage of its true value. For instance, property assessors in Mississippi assess single family homes at 10% while other property is assessed at 15%.

I recommend:  Check out Bankrate.com's section on Mississippi property values. It outlines the basics of taxable property and includes valuable information on Homestead Exemptions. The Mississippi State Tax Commission provides information on Ad Valorem Tax and the percentage of property's true value.

Review Mississippi property assessments online to determine property values Property assessors' offices in Mississippi are very busy. Thus, assessors cannot look at every property, every year. It may be a several years in between assessments but you can still use the data to determine where your potential investment property falls in with neighboring properties.

I recommend:  DirectPass, Searchsystems.net’s online database, allows you to get information from property assessors in Mississippi. It costs about $5 per month and is categorized by municipality. Skipease lists information about property assessment in Mississippi, including links to property assessors' offices in Mississippi for your specific county. Locate property values using interactive software by Delta Computer Systems for Lafayette County and Lee County online.

Estimate your taxes based on a similar property assessment in Mississippi If you're buying an investment property that's similar to several others in the same vicinity, it's safe to assume that Mississippi property assessors will assess your property at an amount close to what the neighbors will pay. Unless there are vast discrepancies in the condition, age or size of the building or lot, your taxes will be comparable.

I recommend:  Hinds County's Land Roll Query allows you to search property assessors offices in Mississippi by taxpayer name, street address, parcel or map number. Get property tax information by simply typing in your neighbor's address or the address of an investment property into Assessor Links USA’s search tool, a free database of property assessors' offices in Mississippi.