Rate Breakdown

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

How Property Tax Works in Sharkey County

Property taxes in Sharkey County are determined by a formula involving your property’s assessed value 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. Once the assessed value is established, it is multiplied by the local millage rate, which is set annually by the Sharkey County Board of Supervisors and local municipal authorities. One mill is equal to $1 of tax for every $1,000 of assessed value. These funds are vital for supporting local schools, law enforcement, road maintenance, and other essential county services.

Available Exemptions

Mississippi offers several exemptions to help reduce the tax burden for qualifying homeowners. To receive these benefits, you must apply through the Sharkey County Tax Assessor’s office. Common exemptions include:

• Homestead Exemption: Available to homeowners who occupy their property as their primary residence. This can significantly reduce the tax liability on the first $7,500 of the assessed value.
• Senior Citizen Exemption: Homeowners aged 65 or older may qualify for an additional exemption on their primary residence, often exempting the first $75,000 of the home's true value from certain taxes.
• Disability Exemption: Residents who are 100% disabled due to service-connected or non-service-connected causes may qualify for specific tax relief.
• Veteran Exemption: Honorably discharged veterans with a 100% service-connected disability may be eligible for total or partial exemption on their homestead.

Payment Schedule & Deadlines

In Sharkey County, property taxes are billed annually. Tax bills are typically mailed in the fall, and payments are due by February 1 of the following year. It is important to note that Mississippi law does not allow for installment payments; the full amount must be paid by the deadline to avoid penalties. If taxes remain unpaid after the February 1 deadline, a monthly interest penalty is applied to the delinquent balance. Failure to pay property taxes can eventually lead to the property being sold at a tax sale, which may result in a lien or the loss of ownership rights. Always ensure your mailing address is current with the Tax Collector’s office to avoid missing your billing statement.

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 an informal review with the Sharkey County Tax Assessor. If you are not satisfied with the outcome, you may file a formal protest with the Sharkey County Board of Supervisors during their designated equalization meetings. You will be required to provide evidence to support your claim, such as recent appraisals, sales data of comparable properties in your area, or photographs indicating property condition issues. It is essential to act quickly, as protest deadlines are strictly enforced by state law.