We often hear that Ocean Springs residents have one of the highest property tax rates in the state. We are certainly in the top 5, so let's take a look at why this is so.
The 3 elements that form the basis of your property tax bill each year are:
the next page I will illustrate
with charts some of the specifics, but what I want to communicate
to my constituents is:
Of the 3 taxes listed above, the Board of Aldermen has no control over 2 of them.
The Jackson County Board of Supervisors levies the millage necessary for the needs of the county. And the school district sets the dollar amount needed each year to fund our school system. In Ocean Springs, on average, 70 to 75 cents out of every dollar that you pay in Municipal Property Tax goes to the school district and is budgeted by the School Board of Trustees.
put it simply "you get what you pay for"
Ocean Springs residents are fortunate to have the finest public education system in the state of Mississippi. Our school system, nationally recognized for scholastic achievement, serves as a major attraction to families who move to the Gulf Coast. I have heard countless times from newer residents that Ocean Springs was chosen as their new home because this is where they wanted to educate their children.
The School Board calculates their dollar requirements within the limits allowed by the State. This dollar amount is then converted into the millage required, to bring in the funds. The Board of Aldermen is required to apply this millage rate to provide the funding requested by the School Board. This is a non-discretionary act by our Board and is mandated by state law.
So what is a fiscal conservative to do?
fortunately O.S. generates a fair amount of sales tax
revenues. Not enough to complete the revenue picture but sales
taxes do to a large degree offset this shortfall. Ocean Springs is
expected to collect around 3.2 million dollars in sales tax revenues this
year. And that projected figure is always tentative, because sales taxes
fluctuate with the economy. In addition to taxes, the
City collects other revenue from sources such as privilege license fees, permits, franchise fees, court fines, and
various other state and local grants.
Moving right along...Let's take a closer look on the next page at how your total tax bill is broken down.
www.oceansprings.org is privately owned by Alderman Jerry Dalgo.