Mississippi HB420: Homestead exemption; increase for honorably discharged veterans age 85 or older and unremarried surviving spouses of such persons.

What the bill says

An act to amend section 27-33-75, mississippi code of 1972, to provide that a qualified homeowner who is an honorably discharged american veteran and has reached 85 years of age on or before january 1 of the year for which homestead exemption is claimed, shall be allowed an exemption from all ad valorem taxes on the assessed value of the homestead property; to provide that the unremarried surviving spouse of such a homeowner shall be allowed an exemption from all ad valorem taxes on the assessed value of the homestead property; and for related purposes.

From the enrolled text, March 13, 2026:

AN ACT TO AMEND SECTION 27-33-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A QUALIFIED HOMEOWNER WHO IS AN HONORABLY DISCHARGED AMERICAN VETERAN AND HAS REACHED 85 YEARS OF AGE ON OR BEFORE JANUARY 1 OF THE YEAR FOR WHICH HOMESTEAD EXEMPTION IS CLAIMED, SHALL BE ALLOWED AN EXEMPTION FROM ALL AD VALOREM TAXES ON THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY; TO PROVIDE THAT THE UNREMARRIED SURVIVING SPOUSE OF SUCH A HOMEOWNER SHALL BE ALLOWED AN EXEMPTION FROM ALL AD VALOREM TAXES ON THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 27-33-75, Mississippi Code of 1972, is amended as follows: 27-33-75. (1) Qualified homeowners described in subsection (1) of Section 27-33-67 shall be allowed an exemption from ad valorem taxes according to the following table: ASSESSED VALUE HOMESTEAD OF HOMESTEAD EXEMPTION $ 1 - $ 150.............................................. $ 6.00 151 - 300.............................................. 12.00 301 - 450.............................................. 18.00 451 - 600.............................................. 24.00 *HR43/R38.1* H. B. No. 420 ~ OFFICIAL ~ R3/5 26/HR43/R38.1 PAGE 1 (BS\KP) 601 - 750.............................................. 30.00 751 - 900.............................................. 36.00 901 - 1,050.............................................. 42.00 1,051 - 1,200.............................................. 48.00 1,201 - 1,350.............................................. 54.00 1,351 - 1,500.............................................. 60.00 1,501 - 1,650.............................................. 66.00 1,651 - 1,800.............................................. 72.00 1,801 - 1,950.............................................. 78.00 1,951 - 2,100.............................................. …