MISSISSIPPI LEGISLATURE

2000 Regular Session

To: Ways and Means

By: Representative Broomfield

AN ACT TO AMEND SECTION 27-35-4, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT REAL PROPERTY OTHERWISE ELIGIBLE FOR TREATMENT AS CLASS I SINGLE-FAMILY, OWNER-OCCUPIED, RESIDENTIAL REAL PROPERTY SHALL NOT BE ELIGIBLE FOR SUCH TREATMENT AND SHALL BE TREATED AS CLASS II REAL PROPERTY IF THE OWNER OF THE PROPERTY OR THE OWNER'S SPOUSE IS NOT IN COMPLIANCE WITH THE ROAD AND BRIDGE PRIVILEGE TAX LAWS OR ASSERTS THAT ANY MOTOR VEHICLE OWNED BY OR IN THE POSSESSION OF ANY SUCH PERSON HAS ITS LEGAL SITUS IN A MUNICIPALITY, COUNTY OR OTHER TAXING DISTRICT OTHER THAN WHERE THE REAL PROPERTY IS LOCATED; AND FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. Section 27-35-4, Mississippi Code of 1972, is amended as follows:

27-35-4. (1) All Class I property, as defined in Section 112, Mississippi Constitution of 1890, shall be assessed at the rate of ten percent (10%) of true value. However, real property otherwise eligible for treatment as Class I property shall not be eligible for such treatment and shall be treated as Class II property, as defined in Section 112, Mississippi Constitution of 1890, if the owner of the property or the owner's spouse is not in compliance with the road and bridge privilege tax laws or asserts that any motor vehicle owned by or in the possession of any such person, or both, has its legal situs in a municipality, county or other taxing district other than that where the real property is located.

(2) All Class II property and Class III property, as defined in Section 112, Mississippi Constitution of 1890, shall be assessed at the rate of fifteen percent (15%) of true value.

(3) All Class IV property and Class V property, as defined in Section 112, Mississippi Constitution of 1890, shall be assessed at the rate of thirty percent (30%) of true value.

SECTION 2. This act shall take effect and be in force from and after its passage.