PROPERTY TAXES: Within Aberdeen city limits, property tax rates are as follows:
Age 65 & over: Taxes on a $100,000 home would be around $452.50. (The first $75,000 of the true value would be exempt from tax.) Ten percent (10%) of the remaining $25,000 would then be taxed at the millage rate of $181 per thousand, or $452.50.
Under 65: Taxes on a $100,000 home would be around $1510. (10% of the true value, in this case, $10,000, would be taxed at $181 per thousand, less a $300 homestead exemption for a total of $1510.)
AUTOMOBILE LICENSE AND TAX: Taxes are based on the year and make of the automobile. This amount must be figured by the tax collector and is available by calling (662) 369-6484.
STATE INCOME AND SALES TAX: Qualified retirement income is exempt from state income tax. Taxable income, after deductions, is taxed at 3% for the first $5000, 4% for the next $5000, and 5% for any amount over $10,000.
Sales Tax: The sales tax rate for the state is 7%. Some cities and counties have an additional tax on lodging and restaurants.