MS HB828

Amends Section 27-33-75 of the Mississippi Code to expand homestead property tax exemptions for qualified homeowners who are 65 years of age or older or totally disabled.

Creates a new exemption effective January 1, 2023, allowing qualified homeowners described in subsection (2) of Section 27-33-67 to claim exemption from all ad valorem taxes on the full assessed value of homestead property, replacing the previous $7,500 cap.

Maintains existing exemptions for other qualified homeowners, including those claiming exemptions under the $7,500 cap, those aged 65+ or totally disabled (full exemption since 2015), and those with freeze exemptions on value increases since 2018.

Exemption claims apply beginning with the 2023 calendar year, with reimbursement beginning in the 2024 calendar year and continuing for subsequent years.

Takes effect July 1, 2022.