About Property Taxes
Counties and municipalities levy a property tax on real and tangible personal property. Most property is assessed at 15% of true value. Motor vehicles and utilities (excluding railroads) are assessed at 30% and owner-occupied residential properties at 10% of true value.
Property is appraised and assessed by local assessors. Depreciation is allowed in determining true value. Tax rates are set by each city and the county based on local budget requirements. Mississippi does not have a State property tax.
For more information, contact the DeSoto County Economic Development Council.