MS HB1584

Amends Section 27-33-75 of the Mississippi Code to provide a full ad valorem tax exemption on homestead property for persons age 65 or older or totally disabled, effective January 1, 2018.

Previously, qualified homeowners in this category received exemptions limited to $7,500 of assessed homestead value; the bill removes this cap for exemptions claimed in the 2018 calendar year and thereafter.

Unremarried surviving spouses of totally disabled homeowners receive the same full exemption on homestead property, effective January 1, 2015.

The full exemption applies to exemptions claimed in the 2018 calendar year for which reimbursement is made in the 2019 calendar year and subsequent years.

Takes effect July 1, 2017.