MS HB959

Increases homestead exemption from $7,500 to $10,000 in assessed property value for qualified homeowners age 65 or older or totally disabled, effective January 1, 2018.

Exemption applies to all ad valorem taxes (property taxes) on the increased $10,000 assessed value for eligible seniors and disabled persons.

Maintains full homestead exemption on all property assessed value for unremarried surviving spouses and homeowners age 65+ or totally disabled who qualified before January 1, 2015.

Exemption applies to tax claims filed starting in the 2018 calendar year with reimbursement made in the 2019 calendar year and thereafter.

Does not affect any tax claims, assessments, or appeals for taxes accrued before the law's effective date of January 1, 2018.