reglab/statecodes huggingface dataset:
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-404 - Real Property Audit Errors › Section 35-6-02-06-404.03 - Category III errors include

Current through June 25, 2024
1. Failure to
					 correctly assess wood decks, patios, prefabricated utility buildings and all
					 other attached or detached buildings not included under Category I or II
					 above.
2. Incorrect construction
					 units totaling 2-5 units or less on an individual building.
3. Decimal areas as set forth in the
					 appraisal manual which are incorrect within a range of .2 to .5.
4. Data entry errors which fall within a
					 range of $1,000 to $5,000 in true value.
5. Failure to assess additions to
					 improvements, including, but not limited to rooms and/or garages, totaling 400
					 square feet or less.
6. Failure to
					 correctly assess any improvement or extra features, not otherwise listed in the
					 error portion of this rule, for which costs or costs schedules exist in the
					 appraisal manual, providing that the cost of the individual improvement or
					 feature is $5,000 or less.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-404 - Real Property Audit Errors › Section 35-6-02-06-404.04 - Standards for Real Property Audits

Current through June 25, 2024
1. Category I: Each
					 1 percent (1%) of audited parcels with category I errors yields 10 error
					 points.
2. Non-Parcel specific
					 category I errors yield four error points each.
3. Category II: Each 1% of audited parcels
					 with category II errors yields 2 error points
4. Category III: Each 1% of audited parcels
					 with category III errors yields .5 error points
5. Example: 250 parcels audited
2 parcels with category I errors = 8.0 error
						points
6 parcels with category II errors = 4.8 error points 10
						parcels with category III errors = 2.0 error points
Total Error Points 14.8
County passes audit
6. Implementation: Counties shall fall under
					 the provisions of this rule commencing with their next base year after December
					 31, 2006.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-501 - Update Process › Section 35-6-02-06-501.01

Current through June 25, 2024
The County shall annually comply with the provisions of
						Title 35, Part VI, Subpart 02, Chapter 08 of the Mississippi Administrative
						Code.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-501 - Update Process › Section 35-6-02-06-501.02

Current through June 25, 2024
All Counties will develop and use an update cycle of four
						(4) years. The base year will be the year immediately succeeding the real
						property update year. This process will result in the physical reviewing of 100
						percent (100%) of all personal property accounts every four years. Each county
						is required to perform a close inspection and re-value approximately percent
						(25%) of all personal property parcels annually. In each subsequent year, an
						additional 25 percent (25%) of personal property parcels shall be physically
						reviewed and re-valued. The base year will be used to determine the minimum
						number of parcels that must be physically reviewed and verified each year
						during the update cycle. During the base year, the county must supply a list of
						the parcels to be closely inspected and re-valued during each of the four (4)
						years of the cycle. Counties should complete all the appraisals annually by
						June 30 or extension due date. Failure to provide the 25 percent (25%) personal
						property list by the first Monday in July or extension due date will constitute
						automatic failure of the audit. Any county failing to list 80 percent (80%) of
						all items found on the parcels reviewed in the random sample, will constitute
						failure of the personal property portion of the audit.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-502 - Maintenance › Section 35-6-02-06-502.01

Current through June 25, 2024
Counties must be in compliance with all provisions of
						Title 35, Part VI, Subpart 02, Chapter 08 of the Mississippi Administrative
						Code.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-502 - Maintenance › Section 35-6-02-06-502.02

Current through June 25, 2024
Inventory - All inventories shall be valued annually. The
						true value of current inventory will be appraised as of January 1st or an
						average of inventory of the previous twelve (12) months.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-502 - Maintenance › Section 35-6-02-06-502.03

Current through June 25, 2024
Leased property - Leased property shall be valued
						annually. The business where the leased property is physically located shall
						identify said property on its Personal Property Rendition Form. However, the
						property shall be assessed to the lessor. The lessor shall actually render the
						property. The assessor shall have a master property record card which shall
						locate and identify all leased property of the lessor. In the event the lessee
						does not adequately identify the lessor, the lessee will be taxed on the leased
						property.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-502 - Maintenance › Section 35-6-02-06-502.04

Current through June 25, 2024
All new businesses, additions, and deletions shall be
						captured annually and the values reflected on the tax roll.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-502 - Maintenance › Section 35-6-02-06-502.05

Current through June 25, 2024
It is the responsibility of the county to use the most
						recent schedules for depreciation and trending factors (multipliers) supplied
						by the property tax office.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-502 - Maintenance › Section 35-6-02-06-502.06

Current through June 25, 2024
Prior to the first Monday in July or extension due date,
						the assessor must produce a list of all new parcels added during the prior roll
						year.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-502 - Maintenance › Section 35-6-02-06-502.07

Current through June 25, 2024
The original rendition for each personal property parcel
						must be available to the property tax office upon request.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-502 - Maintenance › Section 35-6-02-06-502.08

Current through June 25, 2024
The property tax office will do sample verification to
						determine if mobile homes are on the tax roll and are valued according to the
						property tax office guidelines.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-503 - Personal Property Audits › Section 35-6-02-06-503.01

Current through June 25, 2024
Personal property audits will be conducted on an annual
						basis. The audit will consist of, but not be limited to, a minimum of thirty
						(30) randomly selected parcels or the total number of parcels on the 25 percent
						(25%) list whichever is less. The total number of mobile homes considered as
						part of the personal property audit will be a maximum of 10 percent (10%) of
						the randomly selected parcels. The property tax office reserves the right to
						look at any and all information relating to personal property during the audit
						process. The final audit findings will be reported using the error
						classifications listed below. Multiple instances of the same error within a
						parcel will be counted only once. The most serious error in each parcel will be
						counted.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-503 - Personal Property Audits › Section 35-6-02-06-503.02 - Counties will be deemed to have failed the county personal property audit and/or the update if

Current through June 25, 2024
1. Failure to
					 provide the 25 percent (25%) list by the first Monday in July or as required by
					 the roll extension due date.
2.
					 Failure to physically review and value at least 80 percent (80%) of the total
					 true value of the personal property belonging to the businesses on the random
					 sample;
3. The county audit
					 performed by the property tax office indicates errors that exceed twenty five
					 (25) points
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-504 - Personal Property Audit Errors › Section 35-6-02-06-504.01 - Category I

Current through June 25, 2024
1. Failure to
					 assess or delete a new business whose true value equals or exceeds
					 $50,000.
2. Failure to list or
					 assess individual items of any business whose true value equals or exceeds
					 $20,000.
3. Data entry errors that
					 equal or exceed $25,000 true value per parcel.
4. Failure to assess a 10 percent (10%)
					 penalty to any business that fails to file a proper rendition.
5. Failure to list items in a business
					 totaling 30 percent (30%) or more of true value providing the business' true
					 value equals or exceeds $50,000.
6.
					 Failure to value a taxable inventory equal to or exceeding $100,000 of true
					 value.
7. Failure to physically
					 review and re-value the assets of a business on the 25 percent (25%)
					 list.
8. Failure to provide the
					 personal property 25 percent (25%) list to the property tax office by April 1st
					 of the base year.
9. Failure to
					 routinely use the most current depreciation tables or multiplier tables
					 supplied by the property tax office.
10. Failure to routinely assess 10 percent
					 (10%) penalty for renditions filed after April 1.
11. Failure to submit renditions or copies of
					 renditions to the property tax office upon written request.
12. Failure to use the current pricing
					 information supplied by the property tax office for other approved
					 pricing.
13. The above mentioned
					 category I errors 8-12 are not parcel specific, thus, they will be assigned 4
					 error points each.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-504 - Personal Property Audit Errors › Section 35-6-02-06-504.02 - Category II

Current through June 25, 2024
1. Data entry
					 errors between $5,000 and $25,000 of true value per parcel.
2. Failure to compare renditions to the
					 property record cards and make needed adjustments.
3. Failure to value a taxable inventory which
					 equals or exceeds $4,000 but is less than $100,000 of true value.
4. Failure to list items in a business
					 totaling 30 percent (30%) of actual true value where the true value of the
					 business ranges from $25,000 to $50,000.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-504 - Personal Property Audit Errors › Section 35-6-02-06-504.03 - Category III

Current through June 25, 2024
1. Failure to list
					 items in a business totaling 30% of true value in any given business providing
					 the value of the business ranges from $4,000 to $25,000 of true
					 value.
2. Data entry errors
					 relating to a particular parcel between $1,000 and $5,000 of true
					 value.
3. Failure to value a
					 taxable inventory having a true value of less than $4000.
4. Failure to note the appraiser's initials
					 and dates of each inspection on the property record card or enter such data
					 into the computer system.
5.
					 Appraising individual pieces of furniture and/or fixtures using an arbitrary
					 value, rather than using the appraisal manual or other acceptable pricing
					 method.
6. Failure to properly
					 assess the 10 percent (10%) penalty relating to individual
					 renditions.
7. Failure to assess a
					 mobile home.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-504 - Personal Property Audit Errors › Section 35-6-02-06-504.04 - Personal Property Audit Standards

Current through June 25, 2024
1. Category I: Each
					 1 percent (1%) of audited parcels with category I errors yields error
					 point
2. Category II: Each 1
					 percent (1%) of audited parcels with category II errors yields error
					 points
3. Category III: Each 1
					 percent (1%) of audited parcels with category III errors yields 25 error
					 points
4. Non-Parcel specific
					 category I errors yield 4 error points each.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-602 - Minimum Requirements for Mapping

Current through June 25, 2024
There will not be an update cycle for mapping. This rule
					 contains time frames for performing the functions necessary for mapping.
1. Counties shall acquire and maintain a
				  proper ownership mapping system using an appropriate aerial photography base.
				  Ownership maps and aerial photos will be maintained as separate products but
				  will be required to overlay and correlate. Once aerial photography is flown and
				  accepted, the county must submit a plan acceptable to the property tax office
				  to complete ownership map revisions. The plan must include who will perform the
				  mapping, time requirements, and detail work to be performed.
2. Originals or copies of current ownership
				  maps and aerial photography must be housed in the Assessor's office.
3. Upon flying new photography, the accepted
				  map scales for ownership mapping are as follows:
Minimum scales required
Scale
Application
1"=100'
..........Urban centers/ heavily parceled incorporated
							 areas
1"=400'
..........Sparse/Moderate rural areas
Alternate scales accepted
1"=50' Downtown business districts
1"=200'
...........Populated rural/suburban areas
4.
				  Mapping maintenance is to be performed in a timely manner on an annual basis.
				  Maintenance shall include working all recorded vesting instruments including
				  but not limited to:
a. Changing all
				  names/addresses
b. Creating new
				  parcel splits
c. Updating parent
				  parcels
d. Soil/productivity
				  calculations
e. Correcting of
				  identified errors in existing maps
f. Final inking (manual counties)
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-603 - Mapping Audit Process

Current through June 25, 2024
The mapping audit will consist of, but not be limited to, a
					 minimum of twenty (20) new parcel splits selected from the deed log or the
					 total number of parcels on the deed log whichever is less. When available, some
					 deeds will be selected from each month of the deed log. The mapping audit will
					 include rural as well urban properties. The property tax office reserves the
					 right to look at any and all information relating to mapping during the audit
					 process.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-604 - Mapping Audit Errors › Section 35-6-02-06-604.01 - Category I

Current through June 25, 2024
1. Parcel is not
					 mapped
2. Parcel is mapped but not
					 on land roll
3. Failure to deliver
					 the deed log by June 30
4. The
					 above category I error 3 is not parcel specific, thus, it will be assigned 4
					 error points.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-604 - Mapping Audit Errors › Section 35-6-02-06-604.02 - Category II

Current through June 25, 2024
1. Soils are not
					 recalculated correctly
2. The
					 parcel is mapped in the wrong location
3. Incorrect soil class applied to a given
					 parcel
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-604 - Mapping Audit Errors › Section 35-6-02-06-604.03 - Category III

Current through June 25, 2024
1. Lines scale is
					 outside the tolerance of 10 percent (10%)
2. A parcel is mapped but not inked
3. Acreage computed is outside the tolerance
					 of 10 percent (10%)
4. Dimension is
					 missing, incorrect, or outside the 10 percent (10%) tolerance
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 06 - Standards of Acceptance › Section 35-6-02-06-604 - Mapping Audit Errors › Section 35-6-02-06-604.04 - Mapping Audit Standards

Current through June 25, 2024
1. Category I: Each
					 1 percent (1%) of audited parcels with category I errors yields 2 error
					 points
2. Category II: Each 1
					 percent (1%) of audited parcels with category II errors yields 1 error
					 point
3. Category III: Each 1
					 percent (1%) of audited parcels with category III errors yields .5 error
					 points
4. Non-Parcel specific
					 category I errors yield 4 error points each.
5. The mapping audit shall he deemed as
					 failed under any one of the following criteria:
a. Failure to perform the required
					 reconciliation.
b. Failure to
					 contact property tax office prior to conversion to digital mapping.
c. Failure to properly apply agricultural use
					 classes on a county wide basis.
d.
					 Failure to fly according to the prescribed schedule unless an extension is
					 granted.
e. Failure to supply the
					 deed log by July 1 or extension due date.
f. The error point total exceeds
					 25.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 07 - Centrally Assessed Property › Section 35-6-02-07-100

Current through June 25, 2024
Mississippi property in use, and valued and assessed by the
					 Department under Miss. Code Ann. Section
					 27-35-301,
					 shall not depreciate in value below a floor of twenty percent (20%) of original
					 or gross investment. Property abandoned or out of use, shall not depreciate
					 below a floor of ten percent (10%) of original or gross investment.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 07 - Centrally Assessed Property › Section 35-6-02-07-101

Current through June 25, 2024
When the property of a telecommunication, electric or gas
					 distribution company required to be valued and assessed by the Department is
					 located in more than one state, the value shall be allocated to the State of
					 Mississippi based upon the original cost of the company's operating
					 property.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 07 - Centrally Assessed Property › Section 35-6-02-07-102

Current through June 25, 2024
When the property of a pipeline company required to be
					 valued and assessed by the Department is located in more than one state, the
					 value shall be allocated to the State of Mississippi based upon the original
					 and depreciated cost of the company's operating property.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 07 - Centrally Assessed Property › Section 35-6-02-07-103

Current through June 25, 2024
When the property of a railroad company required to be
					 valued and assessed by the Department is located in more than one state, the
					 value shall be allocated to the State of Mississippi based upon the original
					 cost of the company's operating property, track miles, operating revenue,
					 operating miles, and terminal activity.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 08 - Appraisal of Personal Property › Section 35-6-02-08-100

Current through June 25, 2024
All personal property is required to be annually appraised
					 at true value. This rule establishes a uniform method by which all personal
					 property shall be appraised.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 08 - Appraisal of Personal Property › Section 35-6-02-08-101 - Personal Property Listing

Current through June 25, 2024
1. All taxpayers
				  are required to supply to the Tax Assessor on or before the first day of April
				  in each year a true listing of their personal property. This is to be
				  accomplished by providing an asset listing and each year submitting a Personal
				  Property Rendition Form, which should bring the asset listing
				  up-to-date.
2. If any person shall
				  fail to list for assessment, as required by law, any personal property which is
				  taxable under the laws of the State of Mississippi, or shall intentionally fail
				  to provide the Tax Assessor with any documentation that the Tax Assessor
				  considers necessary to verify the list, the current year assessment shall be
				  increased by ten percent (10%).
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 08 - Appraisal of Personal Property › Section 35-6-02-08-102 - Rebuilding or Refurbishment

Current through June 25, 2024
The value of the investment in upgrading or updating
					 equipment shall be captured. This value should be captured for the year of the
					 investment as if the new investment represented a new, or separate, piece of
					 equipment and should be factored and depreciated accordingly. The investment
					 should be associated with the appropriate asset on the taxpayer's asset list.
					 At the time the base (original) equipment is removed from the facility and thus
					 the property roll, the appropriate proportion of the investment should be
					 withdrawn from the dollar entry on the property roll.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 08 - Appraisal of Personal Property › Section 35-6-02-08-103 - Depreciation Schedule

Current through June 25, 2024
1. The State Tax
				  Commission (STC) will annually supply the appropriate depreciation schedules.
				  The schedule to be applied to a particular industry will be determined by the
				  average class life for that industry as established by Marshall Valuation
				  Service's Life Expectancy Guidelines. This guideline is based on IRS
				  publication number 946 which sets forth economic class lives. The depreciation
				  table bottoms at a twenty percent (20%) good for operating equipment. Salvage
				  value will apply only to equipment, which is not usable. If equipment is
				  operational, it will not be considered salvage.
2. Depreciation on watercraft of every kind
				  and character used in connection with gaming operations that have permanent
				  connections to shore side facilities will be determined by the Mississippi
				  State Tax Commission guidelines (Class Lives of Industries) and published
				  annually.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 08 - Appraisal of Personal Property › Section 35-6-02-08-104 - Method of Pricing

Current through June 25, 2024
1.
Industry:
Original acquisition cost new, including all
				  cost associated with installing the equipment in place for production, will be
				  the base for all industrial property. The industry will be classed by utilizing
				  Marshall Valuation Service's manual showing the average life category for the
				  industry. The base cost will be multiplied by the appropriate inflation factor
				  furnished by the STC (from Marshall Valuation Service) based on the age of the
				  item. This calculation will be multiplied by the appropriate percent good
				  depreciation factor (again based on age) that is provided annually by the
				  STC.
2.
Business:
a. The STC
				  pricing guide will be used as a source of pricing business personal property.
				  Since the STC is factoring or revising the prices on all items each year,
				  prices used from this source will not be factored for inflation by the
				  Assessor. Prices from the STC manual should be multiplied by the appropriate
				  percent good factor (depreciation schedule) supplied by the STC according to
				  age. Any deviations from the STC pricing guide must be documented in the
				  Assessor's file. Invoices showing prices in arms length transactions, which
				  reflect market value, will be acceptable provided all costs associated with
				  installation of the equipment are included. (Renditions alone will not be
				  acceptable). In the event the invoices do not reflect a market value, then the
				  Assessor should use the pricing guide or other documentation, which clearly
				  establishes the true value of the property in question. This will usually be
				  encountered when the property is purchased at a liquidation sale or other type
				  of forced sale where the property is sold for less than its true
				  value.
b. Any prices that deviate
				  from the STC manual must be classified using the middle value of the asset
				  range life in years of the Marshall Valuation Service's Life Expectancy
				  Guidelines (from IRS Publication 946). Values must be multiplied by the
				  appropriate inflation factor furnished by the STC (based on Marshall Valuation
				  Service) and then multiplied by the STC percent good tables provided by the
				  STC.
c. Documentation for items
				  priced outside the manual and items not und in the manual shall be forwarded to
				  the STC. The missing item(s) will be priced by the STC within ten (10) days
				  from the date of receipt of the written request from the county with sufficient
				  information to identify and value the item(s). In the event the county does not
				  receive the appropriate price within the ten (10) day period, then the Assessor
				  should use comparables or the best information available in arriving at the
				  true value.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 08 - Appraisal of Personal Property › Section 35-6-02-08-106 - Obsolescence

Current through June 25, 2024
1.
Functional
				  Obsolescence
: The Assessor may optionally grant an allowance for
				  functional obsolescence. If the Assessor chooses to grant such an allowance in
				  addition to that already contained within the normal depreciation tables, it
				  must remain within the allowance contemplated in the functional obsolescence
				  tables annually furnished by the STC. Only in the most extreme circumstances
				  would an allowance beyond that contemplated in the tables of allowance be
				  allowed. Allowance for functional obsolescence beyond the amount provided in
				  the tables must be elaborately justified by the taxpayer and scrutinized by the
				  Assessor and STC.
2.
Economic Obsolescence
: Economic obsolescence must be
				  proved on a case-by-case basis to the Tax Assessor.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 02 - Equalization › Chapter 08 - Appraisal of Personal Property › Section 35-6-02-08-107

Current through June 25, 2024
If the observed conditions or supporting documentation or
					 other information regarding the property point to an effective age greater than
					 or less than the actual age, the observed condition or evidence takes
					 precedence over the table of depreciation.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 01 - Exemptions and Reimbursements › Section 35-6-03-01-100

Current through June 25, 2024
The Tax Commission performs two functions in reference to
					 homestead exemption. The first function is to determine the eligibility of
					 taxpayers who wish to obtain an exemption from ad valorem property taxes. The
					 second function is to reimburse the taxing unit who suffers a tax loss because
					 of its exemption.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 01 - Exemptions and Reimbursements › Section 35-6-03-01-101 - EXEMPTIONS

Current through June 25, 2024
Homestead Exemption is a privilege offered to eligible
					 taxpayers by the State of Mississippi. The exemption is not granted
					 automatically. An application must be filed and each taxpayer must qualify for
					 the exemption. There are two types of exemptions
regular
and
additional
.
1. Regular
The regular exemption is given to all eligible taxpayers.
					 The exemption is from all ad valorem taxes assessed to property, limited to the
					 first seven thousand five hundred dollars ($7,500) of assessed value, and
					 limited to three hundred dollars ($300) of actual exempted tax dollars. Any ad
					 valorem taxes imposed on the assessed value of property over the first seven
					 thousand five hundred dollars ($7,500) must be paid. Assessed value is
					 determined by the tax assessor of the county in which property is located.
					 Homestead property is usually classified as Class 1 property with a 10%
					 assessment rate; however, if any income producing activity is located on the
					 property, it may be classified as Class 2 with a 15% assessment rate.
Class 1 property is not necessarily homestead property.
2. Additional
Any taxpayer that qualifies for the additional exemption
					 has an even greater exemption offered to them. The requirements for the
					 additional exemption are detailed in Rule 3 - Applicant. The exemption is from
					 all ad valorem taxes assessed to property, limited to the first seven thousand
					 five hundred dollars ($7,500) of assessed value. No dollar limit is placed on
					 the actual exempted tax dollars. Any ad valorem taxes imposed on the assessed
					 value of property over the first seven thousand five hundred dollars ($7,500)
					 must be paid.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 01 - Exemptions and Reimbursements › Section 35-6-03-01-102 - REIMBURSEMENT

Current through June 25, 2024
The Tax Commission reimburses the taxing unit for each
					 eligible and allowed taxpayer. The counties and the separate school districts
					 are reimbursed for the regular exemptions. The municipalities are reimbursed
					 for the additional exemptions.
1.
				  Requirements
In order for a taxing unit to receive reimbursement for any
					 tax loss suffered due to an allowed homestead exemption, a request must be made
					 to the homestead exemption office.
a.
				  County
For a county, the request consists of the ORIGINAL copies
					 of the Certificate of Tax loss, the Recapitulation of Homestead Exemptions
					 (Supplemental Roll), Affidavit of Rolls, and the homestead exemption
					 applications.
b.
				  Municipality
For a municipality, this request consists of the ORIGINAL
					 copies of the Certificate of Tax Loss, a Municipal Recapitulation of Homestead
					 Exemptions (Municipal Supplemental Roll), Affidavit of Municipal Rolls, and the
					 Certified Tax Levy.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 02 - Adjustments › Section 35-6-03-02-100

Current through June 25, 2024
Occasionally, it becomes necessary to make adjustments to
					 the request for reimbursement of tax loss. These adjustments are of three
					 general classes, affecting the applicant and the taxing unit, affecting only
					 the taxing unit, and affecting only the applicant.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 02 - Adjustments › Section 35-6-03-02-101 - CAUSES TO REJECT REIMBURSEMENT › Section 35-6-03-02-101.01 - The following charges are causes to reject reimbursement to the taxing unit and to disallow the applicant's additional exemption

Current through June 25, 2024
1. Applicant is not a bona fide resident of
					 Mississippi. 27-33-19 and 27-33-63 (2)
2. Applicant or applicant's spouse claims to
					 be a resident of another state when assessed with income tax.
					 27-33-63(2)
3. Applicant is
					 separated, does not have custody of minor children and does not live in the
					 home at the time of separation. 27-33-13 (c) & (d)
4. Jointly owned property by separated
					 husband and wife that is not the home at the time of separation is not
					 eligible. 27-33-19 (c)
5. Applicant
					 is not a natural person. 27-33-13
6. Taxing unit had no tax loss as a result of
					 this application. 27-33-41
7.
					 Applicant is not defined as the head of a family. 27-33-13 and
					 27-33-19
8. Application is
					 incomplete causing eligibility to be undeterminable. 27-33-31 (n & r) and
					 27-33-41(c)
9. Application was not
					 filed by April 1st. 27-33-31 (a)
10. Application was not signed by applicant
					 or his spouse and a copy of written authority was not attached to the
					 application. 27-33-31 (o) and 27-33-41 (c)
11. Signature of applicant was not
					 acknowledged by Tax Assessor or his deputy. 27-33-31 (a) and 27-33-33
					 (e)
12. Applicant or applicant's
					 spouse was allowed exemption on other property. 27-33-21 (c)
13. Exemption allowed on property not claimed
					 on application. 27-33-32 (i) and 27-33-35 (b)
14. Certified copy of resident county
					 application was not attached. 27-33-31 (d) and 27-33-23 (f)
15. Exemption allowed on undivided estate
					 property that is not eligible. 27-33-19
16. Dwelling and/or land not separately
					 assessed on the land roll is not eligible. 27-33-19 and 27-33-33 (a)
17. Disjoined urban property is not eligible.
					 27-33-35 and 27-33-21 (h)
18.
					 Property containing more than for (4) disjoined tracts combined is not
					 eligible. 27-33-23 (e) and 27-33-21 (h)
19. Exemption allowed on property and/or
					 dwelling that is not eligible. 27-33-19 and 27-33-21
20.
a.
					 Property containing more than 160 acres is not eligible. 27-33-23 (b) and
					 27-33-21 (h)
b. An assessed value
					 exceeding $ 7,500 was allowed on the supplemental
					 roll.27-33-75
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 02 - Adjustments › Section 35-6-03-02-101 - CAUSES TO REJECT REIMBURSEMENT › Section 35-6-03-02-101.02 - *The following charges are causes to reject reimbursement of tax loss that affect only the taxing unit and not the applicant

Current through June 25, 2024
1. *No application was received in Tax
					 Commission office in the manner as required by statute. 27-33-33(q), 27-33-35
					 (a), and 27-33-41 (c)
2. * There is
					 an error in the supplemental roll count. 27-33-35 (d) and 27-33-41
					 (c)
3. *There is an error in the
					 amount of reimbursement requested which is limited to $200 per applicant.
					 27-33-77
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 02 - Adjustments › Section 35-6-03-02-101 - CAUSES TO REJECT REIMBURSEMENT › Section 35-6-03-02-101.03 - The following charge is the cause to disallow the applicant his additional exemption only. This charge does not affect the reimbursement to the county, but does disallow the applicant's additional exemption. This charge does effect the reimbursement to the municipality, if the applicant's property is located within the municipality's taxing district

Current through June 25, 2024
**Applicant is not eligible for the additional exemption
						sought.
27-33-67 (2)
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 02 - Adjustments › Section 35-6-03-02-102 - APPLICANT AND THE TAXING UNIT

Current through June 25, 2024
1. The first class
				  of adjustments affect both the applicant and the taxing unit. These adjustments
				  are necessary because the exemption allowed is ineligible in its entirety.
				  Subsection 101.01, paragraphs 1 through 43, are causes to deny an applicant's
				  homestead exemption after it has been allowed by the county Board of
				  Supervisors. When an applicant's exemption has been denied, it affects the
				  amount of reimbursement due a taxing unit. The exemption no longer exists;
				  therefore, the taxing unit does not suffer any tax loss.
2. Subsection 101.03 is the charge used when
				  an applicant's additional exemption is disallowed. There are times when the
				  qualification of the additional exemption has not been proved is disallowed.
				  The reimbursement made to a county taxing unit is not affected. No additional
				  money is reimbursed for an additional exemption. The reimbursement to a
				  municipal taxing unit would be affected because only additional exemptions are
				  reimbursed to a municipality. In both cases the applicant's exemption would be
				  reduced from the additional exemption status to the regular exemption
				  status.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 02 - Adjustments › Section 35-6-03-02-103 - TAXING UNIT ONLY

Current through June 25, 2024
The second general class of adjustments are those that
					 affect the taxing unit only. These adjustments do not affect the applicant's
					 exemption, only the amount of reimbursement due a taxing unit. Subsection
					 101.02, paragraphs 1, 2, and 3 are the causes for this type of
					 adjustment.
1. No application received
				  Subsection 101.02, paragraph 1
This applies to the procedure of sending the applications
					 to the Tax Commission office. According to the statute, an application must be
					 in the Tax Commission office by
June 1
or the request for
					 reimbursement is to be denied. If, when examining the supplemental roll, no
					 application can be found for a name that is listed, the request for
					 reimbursement of that missing applicant will be rejected.
2. Error in supplemental roll Subsection
				  101.02, paragraph 2
This applies to errors made in the count of the number of
					 applicants on the supplemental roll. If, upon examination, an error in the
					 count of applicants on the supplemental roll is found, an adjustment shall be
					 made to correct the amount of reimbursement equal to the difference in the
					 count.
3. Error in
				  Reimbursement request Subsection 101.02, paragraph 3
When a municipality has requested reimbursement for an
					 applicant that exceeds the two hundred dollar ($200) limit per applicant, this
					 charge will be made to the municipality. This adjustment does not affect the
					 applicant's exemption, but will reduce the reimbursement to the municipality.
					 This code applies to municipalities only.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 02 - Adjustments › Section 35-6-03-02-104 - APPLICANT ONLY

Current through June 25, 2024
The last class of adjustments are those that will affect
					 only the amount of exemption the applicant received. The following conditions
					 are considered causes to allow only a fraction of the exemption claimed. These
					 conditions do not affect the reimbursement of tax loss to the taxing unit, only
					 the amount of exemption granted an applicant. The Tax Commission determines if
					 the applicant is eligible. The county determines how much exemption will be
					 allowed. Details of the following conditions are discussed in Title 35 of the
					 Mississippi Administrative Code, Part VI, Subpart 2, Chapter 6.
1. One apartment rented
A dwelling having no more than two (2) apartments or a
					 duplex when the owner of the dwelling lives in one apartment or side and rents
					 out the other apartment or side. The owner would be eligible for one-half (1/2)
					 the exemption allowed.
27-33-19 (e).
2. Less than six (6) rented rooms
A dwelling which has no more than six (6) rooms to be
					 rented with an apartment counting as three (3) rooms when the owner occupies
					 the dwelling as a home. The owner would be eligible to one-half (1/2) the
					 exemption allowed.
27-33-19 (f).
3. Business activity
In order to receive homestead exemption on a dwelling owned
					 and occupied by the head of a family in which a business activity is conducted,
					 the assessed value associated with the business must be less than one-fifth
					 (1/5) of the total assessed value of the home. If the activity is a full time
					 business, the owner would be eligible for one-half (1/2) the exemption allowed.
27-33-19 (h).
4. Joint Ownership
When eligible property is jointly owned, the applicant, who
					 is one of the owners, is eligible for exemption on his proportional share of
					 the total assessed value of the property.
27-33-19
					 (b).
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 03 - Applicant › Section 35-6-03-03-100

Current through June 25, 2024
This rule applies to the requirements the applicant must
					 meet in order to receive the privilege of homestead exemption. If all the
					 following requirements are not met by the applicant, the homestead exemption
					 shall be denied. The date which all facts are determined is
January
					 1
of the year in which homestead is sought. A person requesting
					 homestead exemption must make a written application, must be a natural person,
					 the head of a family, have ownership and eligible property, occupy the dwelling
					 as a home, and be a Mississippi resident. Each of these requirements are
					 discussed in detail.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 03 - Applicant › Section 35-6-03-03-101 - APPLICATION

Current through June 25, 2024
Before the exemption can be allowed, the applicant must
					 make a written application between
January 1 and April 1
of the
					 year in which the exemption is sought. The applicant alone is responsible for
					 making the application. He is required to furnish all information required by
					 the application. It must be complete, true, and correct. It is the
					 responsibility of the applicant to complete the information required within the
					 application. It is entirely his document. It is his sole responsibility. The
					 applicant's responsibility does not end until the entire application (the
					 original, duplicate, triplicate and quadruplicate copies) has been delivered to
					 the Tax Assessor on or before
April 1
. The quadruplicate copy is
					 to be signed and dated by the Tax Assessor or his deputy, marked "filed" and
					 returned to the applicant.
If a change in the homestead or the
					 applicant's status occurred since January 1 of the previous year, a new
					 application must be filed between January 1 and April 1.
Further details
					 of the application itself are found in Title 35 of the Mississippi
					 Administrative Code, Part VI, Subpart 2, Chapter 8.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 03 - Applicant › Section 35-6-03-03-102 - NATURAL PERSON

Current through June 25, 2024
An applicant for homestead exemption must be a living
					 person. The applicant can not be an estate, a corporation or a
					 partnership.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 03 - Applicant › Section 35-6-03-03-103 - HEAD OF FAMILY

Current through June 25, 2024
An applicant must be considered a head of a family as
					 defined by Section
					 27-33-13.
					 The "head" is the representative of the family. There can be only one head of a
					 family for one homestead. Further details of this definition are found in Rule
					 4 - Head of Family.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 03 - Applicant › Section 35-6-03-03-104 - OWNERSHIP

Current through June 25, 2024
An applicant must have eligible title to property in order
					 to file for the exemption. The homestead exemption law provides that only the
					 taxpayer who is legally liable for the ad valorem taxes can be exempt from
					 them. The owner of the property is the only person who has the legal
					 responsibility of paying the taxes due on the property. The applicant must
					 possess an eligible ownership interest in the property, as set out in Section
					 27-33-17, in
					 order to file a lawful claim for any sort of tax exemption. Details of the
					 definition of eligible types of ownership are found in Rule 5 -
					 Ownership.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 03 - Applicant › Section 35-6-03-03-105 - ELIGIBLE PROPERTY

Current through June 25, 2024
Only a homestead, as described in Section
					 27-33-19,
					 can be eligible property when filing for homestead exemption. Section
					 27-33-21
					 describes property that is expressly ineligible for homestead purposes.
					 Eligible property must include a dwelling which is occupied by the applicant as
					 a home, as well as any outbuildings or improvements connected with that
					 dwelling, and the land upon which the dwelling stands. Details of eligible
					 property are found in Title 35 of the Mississippi Administrative Code, Part VI,
					 Subpart 2, Chapter 6.
Mississippi Administrative Code › Title 35 - Department of Revenue › Part 6 - Property › Subpart 03 - Homestead Exemption › Chapter 03 - Applicant › Section 35-6-03-03-106 - MISSISSIPPI RESIDENT

Current through June 25, 2024
The State of Mississippi does not grant homestead exemption
					 to people who are not residents of this state. The applicant and the
					 applicant's spouse must be residents of Mississippi to be eligible for
					 homestead exemption benefits. The filing of a Mississippi resident income tax
					 return shall be the best proof of residency.