Moving to Jackson ARea (Madison: assessors, mobile home, purchase)

[ms030995]

We are planning a move to the Jackson area, probably Rankin County, from the ATL area. Can anyone tell us about the ad valorem taxes? Where to find cost of living information?

The relocation would be rather soon.

[MRBiedenharn]

Moderator cut: advertising I have lived in Rankin county for over 20 years and I am a native to the Jackson area. Rankin County would be a great choice. Taxes are lower in Rankin County in comparison to Hinds and Madison which make of the Metro area. I have included info about the taxes below. Moderator cut: advertising

All property, real and personal, is appraised at true value then assessed at a percentage of true value according to its type and use.
Assessment ratios are 10%, 15%, and 30%. All ad valorem taxes are assessed by local taxing authorities except that the Tax Commission assesses all public service corporations (railroads, pipelines, electric power and light companies, private
railcars, telephone and telegraph companies, and other such companies) and provides to the tax assessors uniform assessment schedules for motor vehicles and mobile homes.
All ad valorem taxes are collected by the local county and/or municipal tax collectors. Ad valorem taxes are payable on or before February 1 of the following year of assessment except on motor vehicles which are paid at the time they are
registered for road and bridge privilege taxes. Mobile homes must be registered within 7 days of either purchase or movement into the state and the ad valorem taxes are to be paid within 90 days.
HOMESTEAD EXEMPTION
(27-33-1 to 27-33-79)
Qualified homeowners are allowed an exemption from certain ad valorem taxes based on the assessed value of their home.
The amount of exemption is determined from tables which are provided in the statute. Persons who are 65 years of age and older or disabled are exempt from all ad valorem taxes up to $6,000 of assessed value. The application for exemption
must be filed with the individual county on or before April 1.

[willdufauve]

So...ifI 'm over 65 or disabled, have a house worth $60k, assessed at 10%, I wouldn't pay any local taxes?