New Enterprise (Miss code 27-31-101) & Expansions Miss code (27-31-105)
All documents listed below should be completed entirely and filed with the Madison County Chancery Clerk by March 1 of the current tax year to be eligible for consideration of any tax exemption.
- Application for Ad Valorem Tax Exemption
- Position Statement of Applicant
- Real Property must include a Description of Land/Improvement **true value to be noted in Resolution.
- Personal Property must include a complete itemized list of furniture, fixtures, machinery, equipment and inventory (raw materials and work in process)
Finished goods and rolling stock do not qualify for the ad valorem tax exemptions. - Resolution Granting Exemption from Ad Valorem Taxes
- Final Resolution Granting Exemption from Ad Valorem Taxes
- Separate applications must be filed with municipality the enterprise is located. (Miss Code 27-31-115) The enterprise is responsible for providing proof of acceptance by the municipality to the Tax Assessor, when applicable.
Free Port Warehouse Inventory Exemption (Miss Code 27-31-51 through Miss Code 27-31-61)
The Free Port Warehouse application should be completed entirely and filed with the Madison County Chancery Clerk by March 31 of the current tax year to be eligible for consideration of the Free Port Warehouse Inventory Exemption.
For industries located within a municipality, the applicant must also apply for the tax exemption with the municipality and provide proof of acceptance by the municipality to the Tax Assessor.
Free Port Warehouse Application
Initial Filing
- The Free Port Warehouse Report of Inventory
- Free Port Report of Inventory Movement
- Initial filing shall be submitted to the Tax Assessor no later than March 31st.
Annual Filing after Free port Warehouse is approved
- The Free Port Warehouse Report of Inventory
- Free Port Report of Inventory Movement
- Reports shall be submitted to the Tax Assessor no later than March 31 of each tax year.
**Note: A $10 license fee is required after exemption approval. Chancery Clerk will issue license and collect fee.
Please select from the Tax Assessor Menu Online Forms to find the required documentation to be completed and submitted for consideration.