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Updated 2025 Tax Year

Oktibbeha County
Property Tax Guide

Everything you need to know about property taxes in Oktibbeha County, MS. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
Base county rate plus school district and municipal rates - varies by location within county
1st Due
Oct 1
Exemptions
4+ Available
Section 1

How Property Tax Works

Oktibbeha County property taxes fund essential local services including public schools, county government operations, road maintenance, and emergency services. The county operates on a tax year that runs from October 1st to September 30th, with taxes paid one year in arrears. Property owners receive tax bills for the previous year's assessment, creating a lag between the tax year and payment due date.

The effective tax rate in Oktibbeha County varies by location within the county due to different special taxing districts, school districts, and municipal boundaries. Property is assessed at fair market value without a statewide assessment cap, though certain tax credits may limit annual assessment increases for qualifying homeowners. The county's general levy rate forms the base taxation level, with additional millage rates applied by school districts, municipalities, and special service districts depending on your property's specific location.

Actual tax rates differ throughout the county as properties may fall within different combinations of taxing jurisdictions. Rural properties typically have different rate structures than those within municipal boundaries, and special improvement districts can add additional millage to fund specific infrastructure or services.

Section 2

What Makes Up Your Tax Bill

ComponentRate (Mills)Description
General County29.11Basic county operations, roads, emergency services
School DistrictVariesLocal school district operations (rate depends on district)
MunicipalVariesCity/town services (if property is within city limits)
Special DistrictsVariesFire districts, water/sewer districts, improvement districts

Rates shown are for the 2023-2024 levy year based on available data. The 2025 levy rates are not yet officially determined and may vary from these figures.

Important Note: Your total effective tax rate depends on which taxing jurisdictions your property falls within. Properties in the same county can have significantly different total rates based on school district boundaries, municipal limits, and special district coverage. Contact the Oktibbeha County Tax Assessor's office to determine the specific rate applicable to your property address.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Oktibbeha County, property taxes are due in two installments:

First Installment
Oct 1
Delinquent after Dec 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Oktibbeha County are additional property tax bills issued when there are changes to property ownership, improvements, or new construction that occurs after the annual assessment date. These taxes bridge the gap between the regular assessment cycle and significant property changes.

The most common triggers for supplemental taxes include: purchase of property at a value higher than the assessed value, completion of new construction or major renovations, subdivision of land, or correction of assessment errors discovered mid-year. The supplemental tax is calculated as the difference between the new assessed value and the previous assessed value, multiplied by the applicable tax rate, prorated for the portion of the tax year remaining.

For example, if you complete a $100,000 home addition in January and your total tax rate is 50 mills (5%), you would owe a supplemental tax of approximately $4,167 ($100,000 × 0.05 × 10/12 months remaining in the tax year). This supplemental bill would be separate from your regular annual property tax bill and typically due within 30 days of issuance.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value: $300,000
  • Less: Homestead Credit (if applicable): $0 (limits future increases only)
  • Net Taxable Value: $300,000
  • Tax Rate (estimated): 45 mills (4.5%)
  • Annual Tax: $13,500
  • Monthly Escrow: $1,125

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value: $600,000
  • Less: Homestead Credit (if applicable): $0 (limits future increases only)
  • Net Taxable Value: $600,000
  • Tax Rate (estimated): 45 mills (4.5%)
  • Annual Tax: $27,000
  • Monthly Escrow: $2,250

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value: $1,000,000
  • Less: Available Tax Credits (if applicable): Varies
  • Net Taxable Value: $1,000,000 (estimated)
  • Tax Rate (estimated): 45 mills (4.5%)
  • Annual Tax: $45,000
  • Monthly Escrow: $3,750

Note: Tax rates are estimates and vary by specific location within the county. Credits shown require separate application and approval. Contact the Tax Assessor's office for exact rates and available credits for your property.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Oktibbeha County require property tax escrow accounts for borrowers with less than 20% equity. Your lender collects monthly tax payments along with your mortgage payment and holds these funds in an escrow account to pay your annual property tax bill when due in March.

Since Oktibbeha County taxes are paid one year in arrears with a due date of March 3rd, lenders must carefully calculate escrow payments to ensure sufficient funds are available. For new purchases, lenders typically collect several months of property taxes at closing to establish the escrow account. They then collect 1/12th of the estimated annual tax bill each month and may include a small cushion to account for potential assessment increases.

Your lender will provide an annual escrow analysis statement showing the previous year's tax payments and adjusting your monthly escrow amount for the coming year. If your property taxes increase significantly due to reassessment or rate changes, your lender may require an escrow shortage payment or increase your monthly payment to prevent future shortfalls. Property owners should verify that their lender has current tax information and is making payments on time to avoid penalties.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Oktibbeha County for the current fiscal year? A: Property taxes are due March 3, 2026 for the 2025 tax year. Partial payments can be made between November 1, 2025 and February 1, 2026, but the full balance must be paid by the March deadline.

Q: What homestead tax credits are available and do I need to apply? A: Mississippi offers a homestead exemption that caps annual assessment increases rather than reducing your tax bill directly. You must apply with the Tax Assessor's office and cannot claim residency in another state for income tax purposes. Military personnel stationed outside Mississippi may qualify if they maintain Mississippi residency.

Q: How does the homestead credit work? A: The homestead credit limits how much your assessed value can increase each year (typically 10%), rather than reducing your current market value. This protection requires annual application and only applies to your primary residence where you claim legal residency.

Q: What are the penalties for late payment? A: Late payments incur penalties and interest charges. Contact the Tax Collector's office for current penalty rates and payment options if you cannot meet the March 3rd deadline.

Q: How often are properties reassessed in Oktibbeha County? A: Properties are subject to annual assessment at fair market value. The county may conduct more frequent reassessments in areas experiencing rapid value changes or when property improvements are made.

Q: Can I appeal my property assessment? A: Yes, property owners may appeal their assessment. Contact the Tax Assessor's office for appeal procedures, deadlines, and required documentation to contest your assessed value.

Q: Are there online payment options available? A: Contact the Oktibbeha County Tax Collector's office to inquire about online payment systems and accepted payment methods for property taxes.

Q: Why do property tax rates vary within the county? A: Different areas fall within different school districts, municipalities, and special taxing districts (fire, water, improvement districts), each with separate millage rates that combine to create your total effective tax rate.

Q: Do senior citizens qualify for additional tax credits? A: Contact the Tax Assessor's office to inquire about age-based or disability-related tax credits that may be available. These typically require separate applications and income/age verification.

Q: What happens if special district taxes are added to my property? A: If your property becomes subject to new special district taxes (fire district, improvement district), you'll be notified and the additional millage will appear on your next tax bill. These rates are set by the respective district boards.

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