MS HB216

Qualifies homeowners age 65 or older or totally disabled for an additional ad valorem tax exemption on the difference between their home's assessed value on January 1, 2015 (or first year claiming exemption) and any increase from subsequent valuation updates.

Excludes from the additional exemption any increase in assessed value attributable to renovations, expansions, or improvements, except for energy efficiency, safety, or accessibility upgrades.

Requires county board of supervisors to adopt a resolution authorizing the exemption if the county would otherwise be forced to increase millage rates due to the exemption.

Extends full ad valorem tax exemption eligibility to unremarried surviving spouses of qualified homeowners (age 65 or older or totally disabled) effective January 1, 2015.

Takes effect January 1, 2015 and applies to exemptions claimed starting in the 2015 calendar year with reimbursement in 2016 and subsequent years.