COFFEEVILLE – An annual tradition, Yalobusha County Tax Collector/Assessor Linda Shuffield presented the 2008 tax rolls to supervisors during the “first Monday” meeting held in Coffeeville on July 7.
The real and personal roll consists of all houses, acres, business and industries in Yalobusha County, but does not include automobiles and utility assessments.
“We have covered every house in the county. We have traveled some 6,500 miles,” Shuffield told county officials.
With the presentation, Yalobusha supervisors learned the total assessed value of the county increased only two percent during the last year. Much of this flat growth was attributed to the decrease in value placed on agricultural acreage, or land use value, by the Mississippi State Tax Commission for taxation purposes, Shuffield said.
The two percent increase in assessed value in Yalobusha, or $1,368,365, brings the total assessed value for Yalobusha to $71,053,201. Last year assessed value was $69,684,836.
In her report, Shuffield said 45 new houses were added to the tax rolls, which is the highest number in the past five years. In 2004, 38 new homes were constructed; in 2005, 43 new homes were added; in 2006, 37 new homes were added; and last year only 28 new homes constructed were added to the tax list.
In a similar five-year period the total assessed value, including real and personal property has risen almost $17,522,774. Of that amount, almost 7.5 million was added last year in a state-mandated re-alignment after a reassessment of Yalobusha property.
Real Property Roll
Shuffield gave supervisors a break-down on the real property roll by beat compared to 2007. In Beat One, there was a $105,055 decrease. In Beat Two, there was a $84,227 decrease. Beat Three had a slight decrease of $14,450. Beat Four recorded the only increase with $179,468. In Beat Five, there was a $110,837 decrease.
“There was a $135,101 actual decrease in the land roll,” Shuffield said.
Personal Property Roll
Shuffield also presented a beat break-down in the personal property tax roll, compared to the previous year.. Beat One had a substantial increase, $1,637,483, which was the driving factor in the total increase in the county. Shuffield said BorgWarner composed much of this increase, as well as increased inventory in several businesses. In Beat Two there was a $121,829 increase. In Beat Three, there was a $122,227 decrease. There was a $217,970 decrease in Beat Four. In Beat Five there was a $84,331 increase.
The total increase in the personal roll was $1,503,466.
Land Use Values
“It has been about three or four years since there has been a decrease in land use value,” Shuffield said.
“Your land use value is all acres that are tracts for 20 acres and above,” Shuffield explained.
“(Tracts) less than 20 acres is figured at market (value) and your house site is figured as market,” Shuffield explained about the taxation process.
The state tax commission actually sets the value of agricultural acreage for taxation purposes, Shuffield continued. The state tax commission contracts with Mississippi State Univerity to do an agriculture survey of a five-year moving average yield of what the property is actually producing to set this rate.
This year, the rate dropped from $374 an acre to $337 an acre, Shuffield said.
Setting The Budget
The tax assessor-collector’s visit to the Board of Supervisors meeting in Coffeeville was in compliance with state law regulating the tax procedures of county government. That process culminates each year during September when supervisors adopt a budget for the fiscal year, which begins October 1.
The real and personal property tax assessment tax rolls are ready for inspection and examination. Any objections to the assessment can be made in writing and filed with the clerk of the Board of Supervisors before July 31.
The board will hear any objections in Water Valley on August 4, at 9 a.m. and in Coffeeville on August 5 at 9 a.m.