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.