Mississippi HB4007: Homestead Exemption; increase for certain lineal descendants of previous owners of homestead property.

What the bill says

An act to amend section 27-33-75, mississippi code of 1972, to provide that a qualified homeowner who is a lineal descendant of previous owners of the property for which homestead exemption has been claimed for no less than fifteen years shall be allowed an additional exemption on certain ad valorem taxes on the increase in the assessed value of the homestead property resulting from a subsequent update in valuation of the property; and for related purposes.

From the introduced text:

AN ACT TO AMEND SECTION 27-33-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A QUALIFIED HOMEOWNER WHO IS A LINEAL DESCENDANT OF PREVIOUS OWNERS OF THE PROPERTY FOR WHICH HOMESTEAD EXEMPTION HAS BEEN CLAIMED FOR NO LESS THAN FIFTEEN YEARS SHALL BE ALLOWED AN ADDITIONAL EXEMPTION ON CERTAIN AD VALOREM TAXES ON THE INCREASE IN THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY RESULTING FROM A SUBSEQUENT UPDATE IN VALUATION OF THE 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.............................................. 24.00 601 - 750.............................................. 30.00 *HR43/R2238* H. B. No. 4007 ~ OFFICIAL ~ R3/5 26/HR43/R2238 PAGE 1 (BS\KP) 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.............................................. 84.00 2,101 - 2,250.............................................. 90.00 2,251 - 2,400.............................................. 96.00 2,401 - 2,550.............................................. 102.00 2,551 - 2,700.............................................. 108.00 2,701 - …

Read the full official text

Sponsors

• Evans, Bob (D, 91) · primary sponsor

Latest actions

1. February 25, 2026: Died In Committee
2. February 18, 2026: Referred To Ways and Means

Common questions

What is HB4007?

HB4007 is a bill in the Mississippi Legislature (2026 Regular Session): Homestead Exemption; increase for certain lineal descendants of previous owners of homestead property.

What does HB4007 do?

In its own words: An act to amend section 27-33-75, mississippi code of 1972, to provide that a qualified homeowner who is a lineal descendant of previous owners of the property for which homestead exemption has been claimed for no less than fifteen years shall be allowed an additional exemption on certain ad valorem taxes on the increase in the assessed value of the homestead property resulting from a subsequent update in valuation of the property; and for related purposes.

What is the status of HB4007?

Failed as of February 25, 2026. Latest action: Died In Committee (February 25, 2026).

Who sponsored HB4007?

Evans, Bob (D, 91).

Where is the official record for HB4007?

On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB4007.xml