Increases homestead exemption for persons 65 years or older or totally disabled.
Mississippi HB1868 amends the homestead exemption for ad valorem taxes, increasing the exemption for qualified homeowners who are 65 years or older or totally disabled. The bill specifies different exemption amounts based on the assessed value of the homestead property, with higher exemptions for higher assessed values. It also provides exemptions for unremarried surviving spouses of certain homeowners and for American veterans who have been honorably discharged and are 90 years or older.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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