Greater Jackson Alliance
D’lo
Greater Jackson Industrial Center
Porch with Flowers
Header Photo 01
Jackson Convention Center
111 Capitol Building
Waterfall
Office Park
Header Photo 02
Plants
Clinton Business Park
Junior Achievement
Steps
South Pointe
Header Photo 03
Echelon Business Park
5630 I-55 Building
graphicMaking Central Mississippi the Premier Location for Business and Industry
graphic graphic
frame_top

Local Taxes


All businesses in Mississippi are subject to property taxes. These taxes are levied by three main taxing entities; cities, school boards and counties.

 

Property Tax

Counties and municipalities levy a property tax on real and tangible personal property in Mississippi. Generally, property is assessed at 15% of true value. This assessed value is then multiplied by the millage rate to determine the annual tax liability. Each city and/or county sets its tax rate, or millage. Mississippi does not have a state property tax.

 

Property Tax Example

Assume the following facts:

  • A manufacturing plant is located within a municipality where the total of all taxes is 78.5 mills.
  • The true value of the taxable property is:

  

Land $10,000
Machinery and Equipment $700,000
Buildings $1,500,000
Raw Materials $200,000
Finished Goods $500,000
Total $2,910,000
  • The assessed value is calculated by multiplying the total by 15% (15% x $2,910,000) =
    $436,500
  •  The tax liability, before any exemptions, is calculated by multiplying the assessed value by the millage:
    ($436,500 x .0785) = $34,265
graphic
September 8, 2017
Baptist Memorial Health Care opening a 250 employee business office in downtown Jackson

Baptist Memorial Health Care announced Thursday plans to establish a regional business office in the Regions Plaza building in downtown Jackson.

Baptist will lease four floors at 210 E. Capitol St. occupying a total of 41,000 square feet of space that will house 250 employees.
Read more...

 
July 19, 2017
Multicraft International celebrates New Division Opening - Creates 50 Jobs

Officials from Multicraft International, state and local leaders recently celebrated the grand opening of the company's new division, Multicraft Ventures, LLC, in Pelahatchie. The project is a $2 million corporate investment and creates 50 jobs.

Read more...

 
July 17, 2017
Global Automotive Supplier Calsonic Kansei Expands in Madison

Gov. Phil Bryant and officials from global automotive supplier Calsonic Kansei announced the company’s expansion in Madison. The $16.33 million corporate investment creates 98 new jobs.

“Mississippi’s outstanding reputation in the automotive industry is known worldwide,” Gov. Bryant said. “Calsonic Kansei’s addition of so many new jobs in Madison once again puts our state on the global stage. The expansion proves we have the workforce and business climate to ensure industry leaders like Calsonic enjoy years of success in Mississippi.”
Read more...

graphic
NewsContact InformationRequest for Proposal
farme