MS HB333

Requires each taxing unit in a county that completes a countywide property reappraisal resulting in increased assessed valuations to publish a notice in a newspaper specifying the lower millage rate that would produce the same revenue as the prior fiscal year.

Specifies notice publication requirements including appearing in a newspaper published at least five days per week (or less if unavailable), using at least 18-point type, and being surrounded by a one-fourth-inch solid black border outside classified ad sections.

Prohibits the Department of Revenue from paying any homestead exemption tax loss reimbursement to a taxing unit until that unit has complied with the notice publication requirement.

Effective July 1, 2010.