MS SB3162

Homeowners age 65 and older, along with their unremarried surviving spouses, would receive a full exemption from all ad valorem (property) taxes on their homestead property starting January 1, 2027.

Active-duty members of the United States Armed Forces would qualify for a complete homestead property tax exemption beginning January 1, 2027.

Honorably discharged American veterans would receive a full homestead property tax exemption starting January 1, 2027, removing the previous requirement that veterans be at least 90 years old to qualify.

Unremarried surviving spouses of honorably discharged veterans and of homeowners classified as totally disabled under federal programs (Social Security, Railroad Retirement) would also receive full homestead exemptions beginning January 1, 2026.

The bill amends Section 27-33-75 of the Mississippi Code, expanding existing partial homestead exemptions (currently capped at $300 for general homeowners or $7,500 assessed value for certain qualified homeowners) to full exemptions for the specified groups.