Rates of assessment

1. Law
2. Mississippi Code
3. Taxation and Finance
4. Ad Valorem Taxes-Assessment
5. General Provisions
6. Rates of assessment

1. All Class I property, as defined in Section 112, Mississippi Constitution of 1890, shall be assessed at the rate of ten percent (10%) of true value.
2. All Class II property and Class III property, as defined in Section 112, Mississippi Constitution of 1890, shall be assessed at the rate of fifteen percent (15%) of true value.
3. All Class IV property and Class V property, as defined in Section 112, Mississippi Constitution of 1890, shall be assessed at the rate of thirty percent (30%) of true value.

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