MS HB37

Requires taxing units in counties that complete a countywide property reappraisal resulting in increased assessed valuations to publish the lower millage rate that would produce the same revenue as the prior fiscal year.

Prohibits the Department of Revenue from paying homestead exemption tax loss reimbursements to any taxing unit until after it has complied with the new notice publication requirement.

Applies only during the fiscal year in which a county completes a reappraisal approved by the Department of Revenue that increases total assessed property values.

Effective July 1, 2014.