Business Personal Property
Taxscribe for Mississippi Business Owners & CPAs
Modern personal property tax filing for Mississippi — prepare your return in minutes, import fixed assets, and e-file to participating jurisdictions or email a print-ready PDF to your local assessor.
What is Business Personal Property tax?
In Mississippi, Business personal property refers to furniture, fixtures, machinery, equipment, and inventory located within businesses.
Who should file Business Personal Property?
Anyone who owns taxable personal property is required to file.
- Filing deadline
- No later than April 1st
- Late penalty
- Current year assessment shall be increased by ten percent
When you should file:
Specific filing dates in Mississippi are determined by the county assessor in which the personal property is located. However, the filing date is no later than April 1st.
Exemptions:
Local governing authorities may grant a property tax exemption for up to 10 years on real and tangible personal property being used in the state.
Important Notes About Business Personal Property:
- The tax lien date in Mississippi is January 1st to March 1st
- Failure to list for assessment, as required by law, any personal property which is taxable under the laws of Mississippi, or failure to provide the tax assessor with any documentation that the assessor considers necessary to verify the list, the current year assessment shall be increased by ten percent.
- Any questions regarding personal property tax should be directed to the local county assessor.
Coverage
How Taxscribe works in Mississippi
Taxscribe supports Business Personal Property filing across Mississippi. Where your jurisdiction participates in Taxscribe's e-file program, you can submit directly; elsewhere, generate a print-ready PDF and email or mail it to your local assessor. Contact us to see if your jurisdiction participates.