Ad Valorem Rules and Regulations

Title 35, Part VI, Subpart 01 of the Mississippi Administrative Code includes rules and regulations concerning Ad Valorem Taxes. View a PDF for the entire Part VI (Property Tax).

After July 1, 2010, any reference to Mississippi State Tax Commission, the State Tax Commission, the Tax Commission and/or commission shall mean Department of Revenue and any reference to the Commissioner of Revenue, the Chairman of the Mississippi State Tax Commission, the Chairman of the State Tax Commission, the Chairman of the Tax Commission and/or chairman shall mean Commissioner of Revenue of the Department of Revenue. (refer to § 27-3-4(4) Miss. Code Ann.​)

​Chapter ​Title Citation​
​01 Telecommunication Refunds​ 35.VI.1.01​
​02 Motor Vehicle Assessments​ 35.VI.1.02​
​03 Exemption for Livestock Feed​ ​35.VI.1.03
​04 Ad Valorem Tax Exemption for New Enterprises​​ 35.VI.1.04​
  

Telecommunication Refunds

 

35.VI.01.01 Mississippi Administrative Code
Part VI, Sub-part 01,Chapter 1

100

Telecommunication companies entitled to refunds under the Mississippi Telecommunications Tax Reform Act shall annually certify under oath to the Tax Commission the assessment of Class IV property and the ad valorem taxes paid in total and for each taxing jurisdiction (county and municipality) in which they have property. This certification shall be submitted to the Tax Commission no later than February 15th for all tax payments made for the preceding assessment year. Failure to submit the appropriate certification by the date specified shall result in the taxpayer not receiving the payment until the following tax year. The certification shall be submitted on the form provided by the Commission and the company shall attach documentation supporting the information reflected in the certification.

101 (Reserved)

Motor Vehicle Assessments

 

35.VI.01.02 Mississippi Administrative Code
Part VI, Sub-part 01, Chapter 2

100

Pursuant to Miss. Code Ann. Section 27-51-19, the Tax Commission is required to annually prepare and adopt an assessment schedule for motor vehicles. In preparing this schedule, the Commission shall use a computer system package of assessments identified by the VIN ("vehicle identification number"). If the VIN does not produce an assessed value or if the computer system is not in operation, the local tax collector shall use the MSRP ("manufactured suggested retail price") with applicable depreciation percentage for the year in which the vehicle was manufactured.

101

The local tax collector shall be responsible for obtaining a source of MSRP(s) except for new vehicles. The taxpayer shall be responsible for supplying the MSRP for a new vehicle, by submitting a copy of the window sticker with the MSRP, to the tax collector at the time the tag is purchased.

102

The commission will annually furnish to each tax collector an assessment schedule for trailers, motorcycles, special equipment, etc. to be used in the assessment of this type of property. This schedule will be furnished in hard copy or the Commission may use a computer system package of assessments identified by the VIN (“vehicle identification number”). If the VIN does not produce an assessed value or if the computer system is not in operation, the local tax collector shall use the MSRP (“manufactured suggested retail price”) with applicable depreciation percentage for the year in which the vehicle was manufactured. For any model not listed, assess at 30% of current value if known, or use the “cost when new” multiplied by the percentages listed in the schedule for the years listed.

103 (Reserved)


Motor Vehicle Licensing (main page contains information on registration and tags)

Exemption for Livestock Feed

 

35.VI.01.03 Mississippi Administrative Code
Part VI, Sub-part 01, Chapter 3

100

Mississippi Code, Annotated, Section 27-31-1(i), (Supp. 1963), exempts for one year all cottonseed, soybeans, oats, rice and wheat. The Mississippi State Tax Commission interprets this provision to include and exempt material or products used to feed livestock such as cattle, oxen, sheep, goats, hogs, horses, mules, asses, fish, and poultry. This exemption would also include other materials or products such as corn when used as an ingredient in livestock feed.

101 (Reserved)

Ad Valorem Tax Exemption for New Enterprises

 

35.VI.01.04 Mississippi Administrative Code
Part VI, Sub-part 01, Chapter 4

100

Pursuant to the provisions of Miss. Code Ann. Section 27-31-101, et seq., the county board of supervisors and municipal authorities are authorized to grant exemptions from ad valorem taxation under certain circumstances. The decision as to whether a particular taxpayer satisfies the statutory conditions for said exemption should be first made by the local authorities and then reviewed by the Tax Commission.

101

In order for the Tax Commission to review and/or consider an exemption, the following information must be submitted:
1. The original and three (3) copies of the application, submitted by the taxpayer to the local governing authorities requesting the exemption. The application should contain an itemization of all property to be exempted and the true value for each item of property.
2. A resolution from the board of supervisors and/or municipal authorities granting the ad valorem tax exemption.
3. A position statement of the county tax assessor.

102

(Reserved)

200

INDUSTRIAL AD VALOREM TAX EXEMPTIONS:

201

Any request for an industrial exemption filed pursuant to Mississippi Code of 1972 Annotated 27-31-105 with a date of completion on or after July 1, 1995, will be considered under the terms of House Bill 939 adopted by the 1995 regular session of the Mississippi Legislature.

202

Those projects (27-31-105) completed before July 1, 1995 will be governed under the language as it existed prior to the amendment.

203

As stated and pursuant to the provisions of Mississippi Code of 1972 Annotated, the municipalities may grant like exemptions from municipal ad valorem taxation for a period not exceeding ten (10) years to all manufactures and other new enterprises mentioned in Sections 27-31-101 through 27-31-117.

204

Any request from an enterprise (new or existing) for an industrial exemption from ad valorem taxation situated inside a municipality shall be timely filed with the municipal authorities in addition to the county authorities.

205 (Reserved)
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