Madison County 2008 Tax Roll Inspection and Examination

Everyone

Enews Update, Wednesday, July 23, 2008:

Everyone:

I know some of you are like me and don’t pay much attention to the public notices in the local newspapers, but you might want to read this one or you may be surprised when you receive your annual tax statement!

Click here for PUBLIC NOTICE, other info and inspect your property tax info.

Madison County Tax Sale 2008

Click here to download Excel Spreadsheet listing the results of the 2008 Madison County Tax Sale

Click here for Madison County Tax Collector Tax Sale Parcel Information in csv format

Sale to help Madison get back $3.5M in back taxes

By Elizabeth Crisp • elizabeth.crisp@clarionledger.com • July 17, 2008

Madison County tax sale data is now online.


The county will hold its annual tax sale next month in an attempt to recoup more than $3.5 million in back taxes.

Property owners who do not pay taxes by the last Monday in August face having their properties auctioned at the tax sale.

Typically, property taxes are paid without interest from November to February.

Beginning Feb. 1, an accruing penalty of 1 percent per month is applied to all unpaid taxes.

Property owners are notified by mail three times, and the tax sale information is published in The Madison County Herald twice.

At the tax sale, people bid on the taxes owed.

The property owners have two years to pay back the auctioned amounts on their properties before deeds can be issued to the buyers.

Property owners who pay their taxes during the two-year period face an 18 percent interest rate, or 1.5 percent per month.

Purchases may be paid by cash, credit card or personal check payable to Kay Pace, Tax Collector, Madison County, Miss.

Buyers must fill out an application at the tax collector’s office before the sale.

A spreadsheet of unpaid taxes is available on the Madison County tax collector’s Web site at www.madison-co.com/elected_offices/tax_collector.

The information is updated every 24 hours as more owners pay their taxes.

The sale will be held at 8 a.m. Aug. 25 at the Justice Court building on U.S. 51.

To comment on this story, call Elizabeth Crisp at (601) 961-7303.

Property Tax Estimator

Many residents have been asking what will be the impact of annexation on their property taxes. An estimate can be obtained by using The Real Property Tax Estimate
which is located on the Madison County Tax Assessors web site.

If you don't know the value of your property you can use the Land Roll Express Search
to find the value of your land and improvements.

Using the The Real Property Tax Estimate calculate the amount of tax selecting the appropriate filing status and selecting "None" as the City. Click calculate... this should be close to what the taxes are now. Then change the City to Madison and re-calculate. Remember to select the correct School District: Canton or Madison. This will give a close approximation of your taxes after annexation.

You can also use the The Real Property Tax Estimate to see the huge impact of Homestead Exemption. Not only does it decease your actual tax by $300 or more, but it reduces the assessed value from 15% of appraised value to 10%.

The City of Madison millage is 43.8% higher than the City of Ridgeland. Click here to see current Millage Rates .

Click here to see a 2009 Tax Millage Rate comparison of Madison County, Madison the City, and Ridgeland.

Hopefully, any increase in taxes should be offset with reductions in the cost of your property insurance due to lower fire rating code.