Rate Breakdown

Property taxes in Lamar County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Lamar County

Property taxes in Lamar County are calculated based on the assessed value of your real estate and the local millage rate. The process begins with the County Tax Assessor, who determines the "true value" of your property. In Mississippi, residential property is assessed at 10% of its fair market value. This figure is known as the assessed value. The total tax liability is then determined by applying the local millage rate—the tax rate per thousand dollars of assessed value—set by the County Board of Supervisors, municipal authorities, and local school districts. Because millage rates vary depending on your specific school district and city limits, your final tax bill reflects the combined financial requirements of these local taxing entities.

Available Exemptions

Mississippi offers several exemptions to reduce the tax burden for eligible residents. To benefit from these, you must apply through the Lamar County Tax Assessor’s office. Common exemptions include:

• Homestead Exemption: Available to homeowners who occupy their property as their primary residence. This provides a significant reduction in the assessed value for state and county taxes.
• Senior Citizen Exemption: Residents aged 65 and older may qualify for additional relief on their primary residence.
• Disability Exemption: Individuals who are 100% disabled as defined by the Social Security Administration or other qualifying agencies may be eligible for total or partial exemption.
• Veteran Exemption: Disabled American veterans may qualify for specific exemptions based on the percentage of their service-connected disability.

Payment Schedule & Deadlines

Property taxes in Lamar County are due annually. The tax collection period begins in October, and payments must be received or postmarked by February 1st of the following year to avoid delinquency. While the county typically requires full payment, it is advisable to check with the Lamar County Tax Collector for any specific installment programs that may be available. Failure to pay by the February 1st deadline will result in interest penalties and late fees. If taxes remain unpaid, the property may be subject to a tax sale, where the state sells the tax lien on the property to recover the delinquent funds.

Appealing Your Assessment

If you believe the assessed value of your property is inaccurate or higher than its fair market value, you have the right to appeal. The process begins with the Lamar County Board of Supervisors during the designated equalization period. You must provide evidence to support your claim, such as recent appraisals, sales data of comparable properties in your neighborhood, or documentation of structural issues that may negatively impact value. It is essential to act promptly once assessment notices are mailed, as there is a strict window of time to file a formal protest. Contact the Tax Assessor’s office for specific filing deadlines and required documentation for the current tax year.