Increases the maximum homestead exemption in Mississippi from $7,500 to $20,000.
Senate Bill 2826 amends the Mississippi Code to increase the maximum homestead exemption from $7,500 to $20,000 of the assessed value of homestead property. This change applies to various categories of qualified homeowners, including heads of families, unremarried surviving spouses, American veterans, and disabled veterans. The bill also adjusts the exemption amounts based on the assessed value of the property, with specific exemptions for different assessed value ranges.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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