Representative asks Rankin County to correct higher 2025 personal property assessments for CVS and Ulta

A representative for CVS and Ulta told the Rankin County Board of Supervisors that inventory for several retail accounts was assessed in 2025 at amounts higher than the companies reported on their returns, producing an estimated tax impact of roughly $40,000 for CVS accounts and about $11,000 for an Ulta account.

The representative said packeted materials include balance‑sheet inventory figures for 2023–2025 and a letter from CVS documenting that inventory declined, particularly at a non‑retail account tied to Quorum Healthcare. "We're just asking for a correction to the tax," he said, and submitted the supporting pages for the board's review.

County staff and supervisors noted the statutory protest period for assessment disputes occurs in August and that the period for 2025 assessments has passed. County counsel and board members said that, with the protest window closed, the county's options are limited and that any adjustments might require additional review or be considered in a future tax year. One board member suggested addressing similar problems in 2026 rather than retroactively.

No formal motion to adjust the 2025 assessments was adopted during the meeting. Board members encouraged the representative to provide documentation and said staff would consult about whether any administrative corrections or refunds are possible given statutory deadlines.