Property Taxes for 2009 in Oxford and How To Calculate Them

You may be wondering about Property taxes in Oxford and what you can expect to pay regarding yearly taxes. There is also a great Tax Calculator on TSCmaps.com

The millage rate on the taxes are as follows:

Property Taxes

City:

34.84 County
77.12 City

111.96 total.

Seperate School District:

36.34 County
49.87 City Schools

Below is an example of how to use the Millage Rate formula:

$100,000 (market value of the home)
x .15 or 15% without homestead
and .10 or 10% with homestead

Then you move the decimal over 2 spaces to the thousandths so a $100,000 home would be multiplied by 15% to give you $15,000. When you move the decimal over three places it equals 15.000. You multiply the 15.0 by the millage rate 111.96 which equals $1679.40 for the year.

If you are looking for other Oxford MS Real Estate simply call or email Blake Cannon at 62-380-7144.