Increases homestead exemption for persons 65 years of age or older in Mississippi.
Mississippi HB913 amends the state's homestead exemption law to increase the exemption amount for persons who are 65 years of age or older. Effective January 1, 2027, qualified homeowners in this age group will be allowed an exemption from ad valorem taxes on up to $12,500 of the assessed value of their homestead property. The bill also includes provisions for exemptions based on assessed value brackets and other specific categories, such as veterans and surviving spouses of deceased service members.
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