MS SB2052

Amends Section 27-33-75 of the Mississippi Code to increase homestead property tax exemptions for persons age 65 or older or totally disabled.

For counties that have completed property valuations, increases the exemption from $6,000 to $7,500 of assessed homestead value for qualified homeowners, effective January 1, 2010.

Further increases the exemption to $10,000 of assessed homestead value for qualified homeowners in counties with updated valuations, effective January 1, 2010 for claims made in the 2010 calendar year.

Exemptions are split equally between school district and county general fund purposes, with assessed values rounded to the nearest whole dollar.

Takes effect January 1, 2010.