MS SB2215

Increases homestead property tax exemption for qualified homeowners age 65 or older or totally disabled from $7,500 to $10,000 of assessed homestead value, effective January 1, 2012.

Exemption applies to all ad valorem taxes on the increased homestead value amount.

New $10,000 exemption applies to claims made in the 2012 calendar year with reimbursement in 2013 and subsequent years.

Maintains existing exemption structure for other qualified homeowners using a tiered table based on assessed homestead values ranging from $1 to $7,351 and above.