MS SB2288

County boards of supervisors and municipal governing authorities may grant partial ad valorem tax exemptions on agricultural land being converted to residential use.

Exemption amount equals the difference between the assessed value for agricultural use and the assessed value for residential use.

Exemption ends when the property is occupied by a homeowner; for multi-parcel developments, exemption continues for each parcel until its residence is occupied.

Exemption requests must be submitted in writing with information required by the county or municipality, and approved exemptions must be recorded in official minutes.