MS HB106

Allows owners of manufactured homes or mobile homes who occupy them as primary residences for at least 5 consecutive years at the same location to claim an ad valorem tax exemption based on assessed value, ranging from $6.00 to $300.00 maximum.

Exemption amounts are split equally between school district and county general fund taxes, with assessed values rounded to the nearest dollar.

Provides additional exemption for owners age 65 or older or totally disabled, allowing exemption on up to $7,500 of assessed value from all ad valorem taxes if primary residence requirement is met.

Persons claiming the manufactured home exemption cannot simultaneously claim the homestead exemption, and exemption applies regardless of whether the owner owns the land or how the property is assessed.

Takes effect January 1, 2015 for exemptions claimed in 2015 calendar year with reimbursement in 2016 and subsequent years.