Property values decline

Copiah 2010 property values have taken a hit from the economic downturn, the first overall reduction in the past six years for which we have figures.

Real property true value is $788,451,840 compared to last year’s $789,548,630 with a total assessed value of $95,915,499 compared to last year’s $96,278,163.

Personal property true value declined to $164,665,033 from the previous year’s $177,273,393. Assessed value declined to $24,699,755 from the previous year’s $26,591,009.

Public utility value and assessment were flat at $82,011,747 true value and $24,603,524 assessed value.

Mobile homes true value is $20,388,307 compared to last year’s $20,849,980.

Assessed value is $3,058,246 compared to last year’s $3,127,497.

Automobile values took the  most serious hit with true value at $99,330,410 compared to $108,040,287 the previous year. Assessed value declined to $29,799,123 from $32,412,086 the previous year.

Total true value of Copiah assets is $1,154,847,337 for 2010 down from $1,177,724,037 the previous year with assessed values at $178,076,147 down from $183,012,279 the previous year.

Use values for uncultivatable land have declined dramatically for the past three years with Site Class A declining from $337 per acre three years ago to $273 this year.

The tax roll results were received Tuesday by the supervisors and notice of public inspection of the tax rolls will be published July 14, 21 and 28 with the public hearing on the tax rolls August 2. Final action will be taken by the supervisors on August 23.

Supervisors also received the mobile home assessment roll and the assessment roll for miscellaneous trailers.

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