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The average property tax rate is 0.56%, one of the lowest rates in the country. The average homeowner will pay around $1,707 - more than $1,000 less than the national average.
Oxford is in central Lafayette County in northern Mississippi, about 75 miles (121 km) south-southeast of Memphis, Tennessee. According to the United States Census Bureau , the city has a total area of 26.7 square miles (69.2 km 2 ), of which 26.6 square miles (68.9 km 2 ) are land and 0.1 square miles (0.2 km 2 ), or 0.35%, is water. [ 12 ]
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
The property tax rate is typically given as a percentage. It may be expressed as a per mil (amount of tax per thousand currency units of property value), which is also known as a millage rate or mill (one-thousandth of a currency unit). To calculate the property tax, the authority multiplies the assessed value by the mill rate and then divides ...
The second highest grocery tax behind Mississippi is Idaho, which taxes at 6%, ... Once fully phased in it will reduce the top taxation rate from 5% to 4%, and the total tax cut will eliminate an ...
Lafayette County is a county in the U.S. state of Mississippi.At the 2020 census, the population was 55,813. [1] Its county seat is Oxford. [2] The local pronunciation of the name is "la-FAY-et."
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DeSoto County is a county located on the northwestern border of the U.S. state of Mississippi. As of the 2020 census, the population was 185,314, [1] making it the third-most populous county in Mississippi. Its county seat is Hernando. [2] DeSoto County is part of the Memphis metropolitan area. It is the second-most populous county in that ...