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Updated 2025 Tax Year

Sharkey County
Property Tax Guide

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

10 Official Sources
8 min read
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Quick Facts
Tax Rate
54.76 mills ($54.76 per $1,000 assessed value), varies by taxing district location
Exemptions
4+ Available
Section 1

How Property Tax Works

Sharkey County, Mississippi operates on a millage-based property tax system that funds essential local services including schools, county operations, road maintenance, and emergency services. Property taxes are the primary revenue source for these vital community services, with taxes calculated by applying the county's millage rate to the assessed value of real property.

For the FY 2025-2026 levy year, Sharkey County's property tax rate is 54.76 mills (equivalent to $54.76 per $1,000 of assessed value). However, actual tax rates can vary significantly depending on your specific location within the county due to special taxing districts such as school districts, municipal improvement districts, or levee districts. Property owners should verify their exact millage rate based on their property's location and applicable special assessments.

Section 2

What Makes Up Your Tax Bill

ComponentRate (Mills)Description
Base County Levy54.76Core county services, administration, roads, law enforcement
School DistrictVariesLocal school district operations and debt service
Municipal ServicesVariesCity/town services (if applicable)
Special DistrictsVariesLevee districts, fire protection, other special assessments
Total Effective Rate54.76+Actual rate depends on location and special districts

Rates shown are for FY 2025-2026 levy year. The 54.76 mill base rate represents the county-wide assessment, but property owners may pay additional mills for special taxing districts based on their property's location. Contact the Sharkey County Tax Assessor for your property's complete millage breakdown.

Section 3

When Are Property Taxes Due?

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

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 Sharkey County are additional property tax assessments that occur when there are changes to property ownership or improvements made during the tax year. These supplemental assessments are triggered by events such as new construction, property transfers, or significant improvements that increase the property's assessed value after the annual assessment roll has been completed.

When supplemental taxes are levied, they are calculated based on the difference between the old and new assessed values, multiplied by the applicable tax rate for the remaining portion of the tax year. For example, if you complete a $50,000 home addition in January that increases your assessed value by $50,000, and your total millage rate is 60 mills, you would owe approximately $3,000 in supplemental taxes ($50,000 × 0.060) for that tax year. These supplemental taxes are collected by the county tax collector along with regular property taxes.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (10% of market): $30,000
  • Less: Homestead Credit (if applied for): -$300
  • Net Taxable Value: $29,700
  • Annual Tax (54.76 mills): $1,626
  • Monthly Escrow: $136

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (10% of market): $60,000
  • Less: Homestead Credit (if applied for): -$300
  • Net Taxable Value: $59,700
  • Annual Tax (54.76 mills): $3,269
  • Monthly Escrow: $272

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (10% of market): $100,000
  • Less: Available Credits (if applied for): -$500
  • Net Taxable Value: $99,500
  • Annual Tax (54.76 mills): $5,449
  • Monthly Escrow: $454

Note: Tax credits require separate application and are not automatically applied. Examples use base county rate only - actual taxes may be higher due to special district assessments.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Sharkey County require borrowers to establish an escrow account for property tax payments. Your lender collects monthly escrow payments along with your mortgage payment, typically calculating 1/12th of your annual property tax bill plus a small cushion for rate increases. The lender then pays your property taxes directly to the county when they become due.

Lenders typically review and adjust escrow accounts annually based on actual tax bills and any rate changes. If your property taxes increase due to reassessment or rate changes, your monthly escrow payment will be adjusted accordingly. Property owners should verify that their lender has paid taxes on time and in full, as you remain ultimately responsible for ensuring taxes are paid even when using an escrow account. You can verify payments through the Sharkey County Tax Collector's office or online payment system.

How HonestCasa Helps
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Section 6

Frequently Asked Questions

Q: When are property taxes due in Sharkey County for FY 2025-2026? A: Property taxes are currently due by March 3, 2026, due to a governor's proclamation extending the deadline. There is an automatic 14-day grace period for car tags. Contact the county tax collector for the most current payment deadlines.

Q: What tax credits are available and how do I apply? A: Mississippi offers various tax credits including homestead credits for primary residences. Most credits require separate application through the county assessor's office and are not automatically applied. Contact the Sharkey County Assessor for available credits and application requirements.

Q: How does the homestead credit work? A: The homestead credit in Mississippi typically caps annual assessment increases rather than reducing market value. This credit requires filing an application with the county assessor and is not automatic. Eligibility requirements and application deadlines vary, so contact the assessor's office for specific details.

Q: How often are properties reassessed? A: Mississippi law requires periodic reappraisal of all property. Contact the Sharkey County Assessor for the current reappraisal schedule and to understand how reassessments may affect your property taxes.

Q: What are the penalties for late payment? A: Late payment penalties and interest charges apply to overdue property taxes. Contact the Sharkey County Tax Collector for current penalty rates and payment options to avoid additional charges.

Q: Can I pay my property taxes online? A: Many Mississippi counties offer online payment options. Contact the Sharkey County Tax Collector's office to confirm available payment methods including online, mail, and in-person options.

Q: Why is my tax rate different from my neighbor's? A: Tax rates vary within Sharkey County based on special taxing districts such as school districts, municipal boundaries, and special assessment districts. Your exact millage rate depends on your property's specific location and applicable district taxes.

Q: How do I appeal my property assessment? A: Property owners who believe their assessment is incorrect can file an appeal with the county assessor's office. There are specific deadlines and procedures for assessment appeals, so contact the assessor immediately if you wish to challenge your property's assessed value.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
County
2014-2025 County and City Millage Ratesdor.ms.gov
02
2025 - Mississippi Department of Revenue - | MS.GOVdor.ms.gov
03
HB1630 (As Passed the House) - 2025 Regular Sessionbillstatus.ls.state.ms.us
04
Tax Doc
Alert Center • Property Tax Payment Extension - March 3desotocountyms.gov
05
FOA ETA 22-13 Full Announcementdol.gov
06
All Measures | MISSISSIPPI LEGISLATURE - | MS.GOVlegislature.ms.gov
07
All Measures Not Dead - Mississippi Legislature - | MS.GOVlegislature.ms.gov
08
august-2020-990-index.csvirs.gov
09
- EXAMINING CURRENT ISSUES ADVERSELY ...govinfo.gov
10
County
Sharkey County, Mississippiosa.ms.gov
All sources verified as of 2025 Tax Year

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