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MS HB664
Bill
Status
2/22/2023
Primary Sponsor
Stephen Horne
Click for details
AI Summary
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Exempts Mississippi homeowners aged 65 or older and totally disabled persons from all ad valorem property taxes on their homestead, effective January 1, 2024
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Expands the current exemption which only covers up to $7,500 of assessed value for these homeowners to now cover the full assessed value with no cap
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Maintains the existing tiered exemption system (ranging from $6 to $300) for qualified homeowners who do not meet the age or disability requirements
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The new full exemption applies to claims made in calendar year 2024, with reimbursement to localities beginning in 2025
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Takes effect July 1, 2023
Legislative Description
Homestead exemption; increase for persons 65 years of age or older or totally disabled.
Last Action
Died In Committee
2/22/2023