As Amended
SEC. 27-39-203. Advertisement of intention to increase ad valorem tax; form and content of public notice; hearings.
(1) No taxing entity may budget an increased amount of ad valorem tax revenue as set forth in Section 112, Mississippi Constitution of 1890, exclusive of revenue from new growth, unless it advertises its intention to do so at the same time that it advertises its intention to fix its budget for the forthcoming fiscal year.
(2)
(a) For taxing entities operating under an October 1 through September 30 fiscal year this advertisement may be combined with the advertisement required by Section 27-39-205 of this article. For taxing entities operating under a January 1 through December 31 fiscal year or a July 1 through June 30 fiscal year, the advertisement shall meet the size, type, placement and frequency requirements established under Section 27-39-205 of this article.
(b) The form of the advertisement shall be substantially as follows:
"NOTICE OF TAX INCREASE
The (name of the taxing entity) has proposed to increase its property tax revenue on all classes of property described in Section 112, Mississippi Constitution of 1890, by (percentage of increase of all classes showing the exact amount of percentage of increase for each class) percent, and to (increase/decrease) its total budget by (percentage of increase/decrease) percent.
All concerned citizens are invited to attend a public hearing on the tax increase and budget to be held on (date and time) at (meeting place).
A final decision on the proposed tax increase will be made on (date and time) in a public hearing to be held at (meeting place)."
(c) All taxing entities operating under the January 1 through December 31 fiscal year or a July 1 through June 30 fiscal year shall hold a public hearing at which the budget for the following fiscal year will be considered, regardless of whether that budget is being increased or decreased, and shall notify the county of the date, time and place of the public hearing. The county shall include that information with the tax notice.
SOURCES: Laws, 1994, ch. 414, Sec. 2; 1995, ch. 481 Sec. 1, eff from and after July 1, 1995