MS HB190

Increases homestead exemption from ad valorem taxes for qualified homeowners aged 70 or older from $7,500 to $10,000 of assessed property value, effective January 1, 2015.

Provides complete exemption from all ad valorem taxes for unremarried surviving spouses of qualified homeowners aged 70 or older, effective January 1, 2015.

Exemption applies to claims made in the 2015 calendar year with reimbursement made in the 2016 calendar year and subsequent years.

Maintains existing exemption tables for counties with updated property valuations, expanding the maximum assessment value range in the exemption table to $7,351 and above at $300.00 exemption.

Does not affect any tax claims, assessments, appeals or liens for taxes accrued before the act's effective date; previous ad valorem tax laws remain in full force for pre-2015 obligations.