MS HB648

Amends Section 27-33-75 of Mississippi Code to provide full exemption from all ad valorem taxes on homestead property for persons age 65 or older or totally disabled, effective January 1, 2026.

Current law limits exemptions for this group to $7,500 of assessed value; new law removes that cap and exempts the entire assessed value of the homestead property.

Exemption applies to claims made in the 2026 calendar year with reimbursement beginning in 2027 and continuing in subsequent years.

Maintains existing exemption provisions for other qualified homeowners, including unremarried surviving spouses of armed forces members killed on active duty and honorably discharged veterans age 90 or older.

Takes effect July 1, 2025.