House Bill 79 Summary

• Amends Section 27-53-27 of Mississippi Code to provide ad valorem tax exemptions for owners of manufactured homes or mobile homes who occupy them as their primary residence for at least 5 consecutive years at the same location.

• Creates a tiered exemption schedule based on assessed value, ranging from $6.00 exemption for homes valued at $1-$150 up to $300.00 maximum exemption for homes valued at $7,351 and above.

• Divides exemption benefits equally between school district taxes (one-half) and county general fund taxes (one-half).

• Provides additional exemption of up to $7,500 in assessed value for owners age 65 or older or totally disabled, regardless of land ownership or assessment method.

• Prohibits claimants from applying this exemption if they already claim a homestead exemption; effective January 1, 2010.