Mississippi AG Clarifies Ad Valorem Tax Penalty Computation for Marshall County

The Mississippi Attorney General (AG) issued an opinion addressing questions from the Marshall County Board of Supervisors regarding the computation of penalties for delinquent ad valorem property taxes. The opinion clarified that under Mississippi Code Section 27-35-45, if a taxpayer fails to list taxable personal property for assessment, the tax assessor can increase the current year’s assessment by 10 percent. However, the statute does not provide for annual compounding of this penalty. [Miss. Attn’y General, General Opinion, 05/05/26]

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