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Madison County leads in property tax growth in tri-county area
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Aug 21, 2017

Jimmie E. Gates, The Clarion-Ledger Published 6:30 p.m. CT Aug. 20, 2017 | Updated 8:57 p.m. CT Aug. 20, 2017

 

Approximately 734 new homes in Madison County helped increase the county's property tax roll by 4.3 percent, or $70 million, for 2017. “We’ve seen incredible growth in Madison County over the last year," Tax Assessor Norman Cannady said in a statement. “We have one of the largest tax rolls in the state. Once again, Madison County has achieved the kind of growth that would be desirable for any county in Mississippi.” Hinds, Madison and Rankin counties all have seen growth in tax assessment valuation, but Madison led the way this year. Typically Madison has the higher growth, but the growth was even higher this year than last. Last year, Madison County had a 3.8 percent growth rate, or about $60 million from the previous year. Rankin County property tax assessment grew by 3.17 percent. Hinds County had a modest overall growth rate of 1.9 percent, or $22.3 million, Hinds County Tax Assessor Charles Stokes said. “I see that as a plus for the county,” Stokes said. “It’s a good sign. It may not be the best, but we’re not losing growth.” More: Mississippi counties face potential problems because of state budget woes In Hinds County, Terry had a whopping 26 percent increase in property tax growth but that was because the town annexed more than 400 parcels. The state Supreme Court recently gave Terry the authority to annex the land. Terry's gain is Hinds County's loss. Hinds County will lose about $380,000 to $400,000 a year in tax revenue from Terry's annexation, Stokes said. Jackson values grew .6 percent, and most of the growth was from automobile tags. It appears more people are buying tags in Jackson, Stokes said. Stokes said the 2018 assessment could be better for Jackson with the opening this year of the Westin hotel in downtown and the District at Eastover project. He said the projects will likely pump some new tax revenue into the area, but may not be the full tax amount because of tax incentives for the projects. Contact Jimmie E. Gates at 601-961-7212 or jgates@gannett.com. Follow him on Facebook and Twitter 2017 assessed property values in tri-county area: Hinds County: Bolton — $4.67 million, up 4.5 percent Byram — $95.6 million, up 2.8 percent Clinton — $220.1 million, down 0.5 percent Edwards — $4.2 million, down 1.7 percent Jackson — $1.2 billion, up 1.8 percent Learned — $357,423, up 0.6 percent Raymond — $7.3 million, up 0.3 percent Terry — $13 million, up 26 percent Utica — $3.2 million, down 1.9 percent Hinds County outside cities — $337. 9 million, up 3.2 percent Hinds County overall — $1.916 billion, up 1.9 percent Madison County overall — $1.686 billion, up 4.3 percent Rankin County overall — $1.68 billion, up 3.17 percent

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