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Madison County staff presents preliminary 2025 tax roll showing about 3.5% assessed-value growth
Summary
A Madison County tax office staff member presented the preliminary 2025 county tax roll, reporting roughly 3.5% growth in assessed value, parcel and account counts, and homestead application activity; figures were filed with the clerk under Mississippi law and made available online and in hard copy.
Norman, a staff member presenting on behalf of the county tax office, reported preliminary figures for Madison County’s 2025 tax roll and said the materials were filed with the clerk of the board as required by Mississippi Code §27-35-81. He said the county made the tax rolls available on the county website and provided a hard copy for public inspection.
The presenter said the combined assessed value for class 1 and class 2 real property is $1,000,494,091,583, an increase of $28,800,000 from the prior year. He reported class 3 (personal property) assessed value at $343,787,780, an increase of about $22,700,000 from 2024. He said class 4 public-utility assessed values are set by the Mississippi Department of Revenue and listed $96,251,426 for that class, and that class 5 (automobiles and mobile homes) totaled $346,662,959 in assessed value.
The presenter gave countywide totals he described as a preliminary true value of $16,200,000,000 and a total assessed value of $2,000,280,793.07, and said the assessed value increased by roughly $77,200,000 from the 2024 tax roll, representing about 3.5% growth overall. He told the board the roll currently includes 58,698 real-property parcels and 5,055 personal-property accounts, that 529 single-family residences were newly added to the roll, and that county offices processed 3,075 homestead applications between Jan. 1 and April 1.
During a brief follow-up, another meeting participant asked the presenter to explain the property classes. The presenter described class 1 as owner-occupied single-family residences, assessed at 10%; class 2 as other real property (vacant land, commercial, industrial), assessed at 15%; class 3 as personal property, assessed at 15%; class 4 as public-utility property (excluding railroad and airline property), with assessed values provided annually by the Department of Revenue; and class 5 as automobiles and mobile homes, with automobiles assessed at 30% and mobile homes at 15%.
The presenter said the county added a one-page spreadsheet as a companion handout showing a five-year comparison and highlighted the year-to-year percentages on the right-hand column. He closed by inviting questions and noting the documents were submitted for the record.
No motions or formal votes were recorded in the transcript for this agenda item; the record reflects a staff presentation and questions from meeting participants.
