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MS HB337
Bill
Status
2/21/2018
Primary Sponsor
Stephen Horne
Click for details
AI Summary
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Amends Section 27-33-75, Mississippi Code of 1972, to expand homestead property tax exemptions for seniors and disabled persons.
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Persons age 65 or older or totally disabled receive exemption from all ad valorem taxes on homestead property assessed value, effective January 1, 2019.
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Previously, qualified homeowners in this category were limited to a $7,500 exemption on homestead property assessed value.
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Exemption splits equally between school district taxes (one-half) and county general fund taxes (one-half).
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Takes effect July 1, 2018, with exemptions claimed in 2019 calendar year reimbursed in 2020 and subsequent years.
Legislative Description
Homestead exemption; increase for persons 65 years of age or older or totally disabled.
Last Action
Died In Committee
2/21/2018