27-35-4 - Rates of assessment. - Mississippi Statutes

§ 27-35-4. 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. 
 

Sources: Laws,  1984, ch. 355, § 1; Laws, 1986, ch. 447, eff from and after June 19, 1986 [See Editor's Note below].