MS HC9

Proposes a constitutional amendment to reduce the ad valorem tax assessment ratio for motor vehicles from 30% to 15% of true value

Amends Section 112 of the Mississippi Constitution of 1890, which establishes the five classes of taxable property and their assessment ratios

Motor vehicles would move from being assessed at the same rate as public utility property (30%) to the same rate as non-residential real property and personal property (15%)

Requires submission to qualified electors for a vote on the first Tuesday after the first Monday of November 2023

Would effectively cut motor vehicle property taxes in half if approved by voters