35 Miss. Admin. Code Pt. VI, Subpt. 1, Ch. 02 — Motor Vehicle Assessments

100 Pursuant to Miss. Code Ann. Section 27 -51-19, the Department is required to annually
prepare and adopt an assessment schedule for motor vehicles. In preparing this schedule,
the Department shall use a computer system package of assessments identified by the
vehicle identification number ("VIN"). If the VIN does not produce an assessed value or
if the computer system is not in operation, the local tax collector shall use the
manufacturer's suggested retail price ("MSRP") with the applicable depreciation
percentage for the year in which the vehicle was manufactured.
101 The local tax collector shall be responsible for obtaining a source of MSRP(s) except for
new vehicles. The taxpayer shall be responsible for supplying the MSRP for a new
vehicle, by submitting a copy of the window sticker with the MSRP, to the tax collector
at the time the tag is purchased.
102 The Department will annually furnish to each tax collector an assessment schedule for
trailers, motorcycles, special equipment, etc. to be used in the assessment of these types
of property. This schedule will be furnished in hard copy, or the Department may use a
computer system package of assessments identified by the VIN. If the VIN does not
produce an assessed value or if the computer system is not in operation, the local tax
collector shall use the MSRP with the applicable depreciation percentage for the year in
which the vehicle was manufactured. For any model not listed, the tax collector shall
assess at thirty percent (30%) of current value if known or use the "cost when new"
multiplied by the percentages listed in the schedule for the years listed.
103 (Reserved)
35.VI.1.02 revised effective September 4, 2025