MS HB420

Honorably discharged American veterans aged 85 or older will receive a complete exemption from all ad valorem (property) taxes on their homestead, effective January 1, 2027, lowering the current age threshold from 90 years.

Unremarried surviving spouses of qualifying veterans aged 85 or older will also receive a full exemption from all ad valorem taxes on homestead property, effective January 1, 2027.

The bill amends Mississippi Code Section 27-33-75, which currently provides full property tax exemptions for honorably discharged veterans aged 90 and older (effective 2025) and their surviving spouses (effective 2026).

Reimbursements to counties for the new 85-year-old threshold exemptions will begin in calendar year 2028 for exemptions claimed in 2027.

The bill takes effect July 1, 2026, with the new age-based exemptions applying to tax years beginning January 1, 2027.