Assessed value of property down slightly
Tunica County Tax Assessor/Collector Norma Anderson delivered the 2014 tax rolls to the courthouse last Monday, but she and tax consultant Bill Bryant also brought sobering news to supervisors: the assessed value of real and personal property in the county is down.
In 2013, the total assessed value of property was just over $255 million, but for 2014, that value has declined to $251 million. Personal property took the biggest hit, dipping to $68 million from $90 million.
“We have to depreciate personal property every year and real property every four years,” Bryant told the Board of Supervisors. “Personal is $68 million, a decrease from $90 million because of depreciation.”