Due to increase in car sales over the past year, MS car tags will be lower

The 1994 Mississippi Legislature authorized a credit to car owners in the amount of 5% of the assessed value of the motor vehicle to provide a tax ...

July 8, 2022
5:30 AM

The 1994 Mississippi Legislature authorized a credit to car owners in the amount of 5% of the assessed value of the motor vehicle to provide a tax break to the registered owners. This credit eased the tax burden of the individual; however, it created a loss in revenue to the local governments. Therefore, the Legislature created a fund to reimburse the local governments for this tax loss called the Motor Vehicle Ad Valorem Tax Reduction Fund. The revenue generated from the sales tax on motor vehicles goes into the fund.

Anne Summerhays