Mississippi (Summary)
Last Updated: March 2020
Tax Type: Current Use tax, Severance tax (Privilege tax), and Forest Acreage Tax
Description: Current use tax is assessed at 15% of current use value. Severance tax (Privilege tax) is based on volume/weight of timber/lumber products produced or severed in MS. Severance tax rate varies by timber product. Forest acreage tax is an annual tax in nine cents per acre on all timbered land and uncultivatable lands.
Law : Miss. Code Ann. §§ 27-35-50, 27-25-1, 49-19-115
Principal Forest Property Tax Incentive Program
Objective:
Program Requirements
Min/Max Acreage: N/A
Min. Stocking Growth: N/A
Forest Management Plan: N/A
Duration of Enrollment: N/A
Penalties for Use Change: Not specified, although at county tax assessor's discretion property may be examined and may be re-assessed if classification is determined to be incorrect.
Program Administration
State: Mississippi Department of Revenue; Mississippi Forestry Commission
County Tax Assessor and Commissioner: Determines validity of application
University: N/A
Landowners: N/A
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