Impact to Taxpayers

  • A property tax increase is based on the assessed value of a home (the assessed value is 10% of the total value of the home, not the market value).

    How do I find my home’s Total Value and Assessed Value?

    1. Visit the City Clerk's webpage at oxfordms.net.
    2. Click on “Search Property Tax Information” to view your home’s assessed value.
  • graphic illustrating that home equals value

    Example:
    3,216 Square Foot Home in City of Oxford

    Market Value = $450,000 to $550,000

    Total Value = $242,540

    Assessed Value = $24,540

    Annual Tax Increase = $45.72

    Increase in Taxes according to Home Value
    Home Total Value
    (not market value)    		 Assessed Value
    (10% of Total Value)    		 Annual Tax Increase Monthly Tax Increase
    $100,000 $10,000 $18.85 $1.57
    $200,000 $20,000 $37.70 $3.14
    $300,000 $30,000 $56.55 $4.71
    $400,000 $40,000 $75.40 $6.28
    $500,000 $50,000 $94.25 $7.85
    $600,000 $60,000 $113.10 $9.43
    $700,000 $70,000 $131.95 $11.00
    $800,000 $80,000 $150.80 $12.57
    $900,000 $90,000 $169.65 $14.14
    $1,000,000 $100,000 $188.50 $15.71
Last Modified on August 14, 2023