Adams County supervisors heard several concerns Monday from local property owners objecting to recent increases in their property value assessments for tax purposes. The objections came as the county moves through a mandated reassessment process that has seen property values rise due to inflation and other contributing factors.
While reassessed values have gone up, officials noted it is still too early to determine how much landowners will owe in property taxes. Final tax bills are expected to be issued later this year.
In Mississippi, property tax values are calculated based on several factors, including how the property is used, its construction, and its current market value. The Mississippi Department of Revenue requires counties to reassess property values every four years to reflect changes in the market and ensure tax equity.
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