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

Summary

The bill amends Mississippi’s homestead exemption law so that any qualified homeowner who is an honorably discharged American veteran and is 85 years old or older on Jan. 1 of the tax year receives a 100% exemption from all ad valorem taxes on the assessed value of their home. The same full exemption also applies to the unremarried surviving spouse of such a veteran. This change removes the property from both school district and county general fund tax rolls for those qualifying owners.

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