OUR COMMUNITY
RELOCATION
ALCORN COUNTY TAX ASSESSOR- 2007
We are very pleased to be able to provide any information and service we have to offer, especially to those interested in moving to Corinth and Alcorn County.
Listed below is an example of the calculation of taxes due on a home and lot valued at $100,000.00. We will show the taxes due on a resident inside the city limits of Corinth.
Inside Corinth City Limits
County Tax Due City Tax Due
$100,000.00 $100,000.00
x .10% - Assessment Ratio x .10% - Assessment Ratio
_______________ _____________
10,000.00 - Assessed Value 10,000.00 - Assessed Value
x 39.79 - 2007 Millage Rate x 95.00 - 2007 Millage Rate
_______________ _____________
397.90 950..00
- 150.00 - Homestead Credit - 150.00 - Homestead Credit
_______________ _______________
$247.90 - County Tax Due $800.00 - City Tax Due
$247.90
+ 800.00
_________
Total Tax Due City Resident $1,047.90
Homestead Credit is given in accordance to the 1946 Homestead Act passed by Mississippi Legislature. Amount of homestead given increases with the value of the home, up to $75,000.00 assessed value or $300.00. Homestead exemption applications must be filed each year in the Tax Assessor's Office during a period from January 1 through April 1. You must also own your home and have your deed recorded in the Chancery Clerk's Office on or before January 1 to be eligible to file the first year. If we could be of any further help, please call on us at (662) 286-7733.
65 years or over
Inside Corinth City Limits
County Tax Due City Tax Due
$100,000.00 - ($75,000 exemption) = $25,000.00 $100,000.00 - ($75,000 exemption) = $25,000.00
Assessment Ratio x .10% Assessment Ratio x .10%
______________ _______________
Assessed Value $2,500.00 Assessed Value $2,500.00
Millage Rate 2007 x 39.79 Millage Rate 2007 x 95.00
______________ _______________
County Tax Due $99.47 City Tax Due $237.50
$99.47
+ 237.50
_________
Total Tax Due City Resident (65 years or over) $336.97
12/17/07 -bb
