MS HB38

Provides ad valorem tax exemptions for owners of manufactured or mobile homes who occupy the property as their primary residence for at least 5 consecutive years at the same physical location.

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

Allows exemptions regardless of whether the owner holds title to the underlying land or how the home and land are assessed, but prohibits claiming both this exemption and the homestead exemption.

Provides enhanced exemptions of up to $7,500 of assessed value for owners aged 65 or older or those who are totally disabled, with proof requirements established by the Department of Revenue.

Specifies that one-half of the exemption comes from school district taxes and one-half from county general fund taxes, effective for claims beginning in calendar year 2011.