$100k Market Value Exemption, Effective 10/1/25 for Business Personal Property.

In Real Property two values are determined, Fair Cash Value and Limited Property Value. Fair Cash Value is based on market, while Limited Property Value is based on a value that can only increase 5% annually. Taxes are based on the lesser of the two values, but LPV tends to trend significantly below FCV. Most opportunities for appeal are for new construction or omitted property under a Rule B filing. Business Personal Property exemption varies year to year, currently $225,572.

Business Personal Property specific to vehicles, if you are a business and you haven’t filed a rendition including those vehicles, you will not be able to get that vehicle’s registration.

Real Property is county-specific and sometimes utilizes the same parcel# as Business Personal Property locations. Business Personal Property values are not notified; tax bills are sent.

Real Property assessment ratio applies.

Business Personal Property applies an automatic $25,000 value exemption for filing.

Real Property assessment ratio is 40% unless in Dalton GA, which is 100%.

Phasing out Business Personal Property, after Jan 1, 2013 any item is exempt if holding a value of $3k or less. Overall Personal Property exemption amount is $250,000 in value, all of agriculture is exempt.

Real Property values are noticed by the local paper and by mail. Reassessment is every four years. Cook County has its own schedule (reassessments every three years; assessment Jan 1; township-level appeal windows; bills Feb 1 & Jul 1; installments Mar 1 & Aug 1).

Real Property is treated as cost approach, own book value. Business Personal Property exemption applies under $80k in asset cost.

After June 30th 2006, Personal Property Generally Not Taxable.

Personal Property in Jefferson Parish filing Mar 10th instead of Apr 1.

Required to send in bill payment with Business Personal Property filing, based on industry type ~$300.

Real Property statutorily limited to 5% increase or CPI whichever is less. If a location's Personal Property has a cash value of $80k–180k, that amount is considered fully exempt.

For Personal Property, Rankin County due Mar 1st.

Business Personal Property, Jackson County must be e-filed online.

Personal Property's Aggregate Market Value < $1M Qualifies for Exemption.

Business Personal Property, $10k in assets exempt starting 2020.

Real Property uses Marshall & Swift based on cost.

Property is required to be reassessed every eight years, but most counties reassess every four. Appeals can only occur during the reassessment cycle, unless there is an error.

Real Property reappraised every 6yrs and updated every 3yr, varies by county.

Certain ones must be filed online.

Personal Property inventory is not taxable; there is an opportunity for a big manufacturing exemption based on the type of manufacturing.

Business Personal Property leverages net-book value, based on federal returns. If taking an accelerated book value, it works in your favor.

Business Personal Property valued at $125k qualifies for an exemption as of January 1, 2026. Late filing for Real Property incurrs a 10% penalty.

Personal Property requires bill payment with filing a return.

Personal Property taxes inventory.

The state can hold your business license if you’re delinquent.

In effect as of 2026, Business Personal Property is exempt if under $180K.