MS SB3098

Increases the ad valorem tax exemption for qualified homeowners by expanding the exemption table to include assessed values up to $9,901 and above (previously capped at $7,351-$7,500 range) with a maximum exemption of $402.00.

Raises the exemption for qualified homeowners described in subsection (2) of Section 27-33-67 from the current amount to $10,050.00 of assessed homestead property value.

Exemptions are split equally, with one-half applied to school district tax purposes and one-half applied to county general fund tax purposes.

Applies to exemptions claimed in the 2010 calendar year with reimbursement in 2011 and subsequent years.

Effective January 1, 2010.