Tax Assessor Gulfport Ms Form

Instructions and help about Tax Assessor Gulfport Ms

what we've done chairman is we've taken a property and we broke down the tax bill so that you can see how the property is valued and how it translates over to the tax bill and really how the the homestead float works so this is a property that was purchased in 2004 and of course everything in the property tax industry is based on the status of the property on January 1 so the first year that they owned the property 2005 the board of Tax Assessors had a value of four hundred sixty eight thousand five hundred ninety dollars now the assessed value is nothing but 40 percent of that number and that's on the estimate that's on the assessment notice that we mail out in the spring as you come across taxable value you notice is considerably less the taxable value is the actual value a longer arm you see thank you there's a Texas value that's that's considerably less that's because that's the assessed value from the prior year right so the law that went into effect in 2001 the homestead float la