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Tax Assessment Ratio
Exempt Eligible Enterprises
The chart below indicates the millage rates from which eligible enterprises are exempt:

Tax Assessment Ratio - Exempt Eligible Enterprises

Location

Rate /
$1,000

Land /
Building

Personal
Property

Inventory

Single-Family
Dwelling

DeSoto County*

$22.50

15%

15%

15%

10%

Hernando

$23.12

15%

15%

15%

10%

Horn Lake

$26.25

15%

15%

15%

10%

Olive Branch

$27.39

15%

15%

15%

10%

Southaven

$24.38

15%

15%

15%

10%

Town of Walls

$21.00

15%

15%

15%

10%


*DeSoto County tax rates as shown are an average. There are 80 taxing areas in the County and the rate varies by area. This ratio is a county average.

Areas Not Qualifying for an Exemption
Exemptions are not allowed on the following:
  • City of Hernando parks, library, and bonded indebtedness - 8.63 mills
  • City of Horn Lake Fire Fund, library, and bonded indebtedness - 15.75 mills
  • City of Olive Branch parks tax - 4.11 mills
  • City of Southaven parks and library taxes - 24.38 mills
  • County bonded indebtedness - 5.58 mills
  • General county levy - 4 mills
  • Road and bridge - 8.84 mills
  • School taxes - 53.64 mills

Note: For single-family, owner-occupied homes, Mississippi has a Homestead Exemption (credit) available.

More Information
For more information, contact the DeSoto County Economic Development Council.

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