Legislation passed in 2014 created the Online Personal Property Assessment Link, or OPPAL. Contact Us. Personal Property Tax Most people know that property Bytax applies to real property, however, some may not know that property tax also applies to personal property. If a business is operational any time between the dates of January 1 and March 1, those items are taxable for that year. Personal Property Tax is annual tax levied on business-owned personal property located in Cecil County and generally includes furniture, fixtures, office and industrial equipment, machinery tools, supplies, etc. Similar to the personal income tax, businesses must file a yearly tax return and are allowed deductions such as wages paid, cost of goods sold, and other qualifying business expenses. The vast majority of states require that a sales tax be charged on the sale of most tangible personal property. The office of the Tax Collector is established by Article 5, Section 135 of the Mississippi Constitution. Duties of the Assessor: Assesses property values, including real property and personal property The current tax rate for personal property tax outside any city is 122.15 mills of $122.20 per $1000 of assessed value. The first $6 million of property is taxed at a lower tax rate. All business owners are required to file a Rendition by April 1 each year. Maps, records, and other documents are kept to help establish the value of such property. This could be the last year you file a paper return. Customer Question. Unless exempt by law, all real and business personal property are taxable. 211 E. Government St Brandon MS 39042. Business property valued at $10,000 X 15% = $1500 $1500 X .12215(mills) = $183.20. The tax generally is collected at the time of purchase. If you have already paid this bill, a refund will be issued to you by the Office of the Treasurer- & Tax Collector within three months. Mississippi Property and Real Estate Laws Welcome to FindLaw's section on Mississippi's property and real estate laws, covering everything from landlord and tenant protections for rental properties to adverse possession laws allowing individuals who openly make use of otherwise neglected land for at least 10 years to gain legal title. The Mississippi corporate income tax is the business equivalent of the Mississippi personal income tax, and is based on a bracketed tax system. Frederick County levies a personal property tax on automobiles, trucks, motorcycles, trailers, motor homes, campers, mobile homes, boats or watercraft, airplanes or aircraft, and business personal property. For example, household goods and personal effects are not subject to property tax. The Assessor is responsible for valuing all the property in Mississippi County. Business personal property refers to furniture, fixtures, machinery, equipment, and inventory located within businesses. Online business personal property tax filing is coming to Alabama! Your bill will be cancelled if the bill number is between 2020500001 and 2020508934, or 2020520001 and 2020521229. The types of property that a business owns are slightly different from that of an individual, and the tax issues involved with business property are also different. 601-825-1475 The Tax Collector is responsible for the collection of taxes on real property, personal property, manufactured homes, automobiles, motorcycles, motor homes, trailers, and airplanes. The majority of property tax appeals concern arguments over the value of real estate—land and buildings such as commercial retail buildings, commercial office buildings, multi-family buildings, and industrial facilities. Business personal property is also taxable Class 3 property is described as personal property in businesses. 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