MISSISSIPPI LEGISLATURE

2015 Regular Session

To: Ways and Means

By: Representatives Byrd, Nelson

House Bill 190

AN ACT TO AMEND SECTION 27-33-75, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF HOMESTEAD EXEMPTION FROM AD VALOREM TAXES FOR PERSONS WHO ARE SEVENTY YEARS OF AGE OR OLDER; 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:

 * * * [With regard to any county that has not completed an update in the valuation of Class I property, as designated by Section 112, Mississippi Constitution of 1890, in the county according to procedures prescribed by the State Tax Commission and in effect on January 1, 2001, and has not implemented such valuations for the purposes of ad valorem taxation, this section shall read 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

  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 ‑ 2,850 114.00

2,851 ‑ 3,000 120.00

3,001 ‑ 3,150 126.00

3,151 ‑ 3,300 132.00

3,301 ‑ 3,450 138.00

3,451 ‑ 3,600 144.00

3,601 ‑ 3,750 150.00

3,751 ‑ 3,900 156.00

3,901 ‑ 4,050 162.00

4,051 ‑ 4,200 168.00

4,201 ‑ 4,350 174.00

4,351 ‑ 4,500 180.00

4,501 ‑ 4,650 186.00

4,651 ‑ 4,800 192.00

4,801 ‑ 4,950 198.00

4,951 ‑ 5,100 204.00

5,101 ‑ 5,250 210.00

5,251 ‑ 5,400 216.00

5,401 ‑ 5,550 222.00

5,551 ‑ 5,700 228.00

5,701 ‑ 5,850 234.00

5,851 and above 240.00

Assessed values shall be rounded to the next whole dollar (Fifty Cents (50¢) rounded to the next highest dollar) for the purposes of the above table.

One‑half (1/2) of the exemption allowed in the above table shall be from taxes levied for school district purposes and  one‑half (1/2) shall be from taxes levied for county general fund purposes.

(2)  Qualified homeowners described in subsection (2) of Section 27‑33‑67 shall be allowed an exemption from all ad valorem taxes on not in excess of Six Thousand Dollars ($6,000.00) of the assessed value of the homestead property.

(3)  This section shall apply to exemptions claimed in the 1988 calendar year for which reimbursement is made in the 1989 calendar year and to exemptions claimed for which reimbursement is made in subsequent years.

[With regard to any county that has completed an update in the valuation of Class I property, as designated by Section 112, Mississippi Constitution of 1890, in the county according to procedures prescribed by the State Tax Commission and in effect on January 1, 2001, and for which the State Tax Commission has certified that such new valuations have been implemented for the purposes of ad valorem taxation, this section shall read 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

  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 - 2,850........................................... 114.00

2,851 - 3,000........................................... 120.00

3,001 - 3,150........................................... 126.00

3,151 - 3,300........................................... 132.00

3,301 - 3,450........................................... 138.00

3,451 - 3,600........................................... 144.00

3,601 - 3,750........................................... 150.00

3,751 - 3,900........................................... 156.00

3,901 - 4,050........................................... 162.00

4,051 - 4,200........................................... 168.00

4,201 - 4,350........................................... 174.00

4,351 - 4,500........................................... 180.00

4,501 - 4,650........................................... 186.00

4,651 - 4,800........................................... 192.00

4,801 - 4,950........................................... 198.00

4,951 - 5,100........................................... 204.00

5,101 - 5,250........................................... 210.00

5,251 - 5,400........................................... 216.00

5,401 - 5,550........................................... 222.00

5,551 - 5,700........................................... 228.00

5,701 - 5,850........................................... 234.00

5,851 - 6,000........................................... 240.00

6,001 - 6,150........................................... 246.00

6,151 - 6,300........................................... 252.00

6,301 - 6,450........................................... 258.00

6,451 - 6,600........................................... 264.00

6,601 - 6,750........................................... 270.00

6,751 - 6,900........................................... 276.00

6,901 - 7,050........................................... 282.00

7,051 - 7,200........................................... 288.00

7,201 - 7,350........................................... 294.00

7,351 and above......................................... 300.00

     Assessed values shall be rounded to the next whole dollar (Fifty Cents (50¢) rounded to the next highest dollar) for the purposes of the above table.

     One-half (1/2) of the exemption allowed in the above table shall be from taxes levied for school district purposes and  one-half (1/2) shall be from taxes levied for county general fund purposes.

     (2)  (a)  Except as otherwise provided in this subsection, qualified homeowners described in subsection (2) of Section 27-33-67 shall be allowed an exemption from all ad valorem taxes on not in excess of Seven Thousand Five Hundred Dollars ($7,500.00) of the assessed value of the homestead property.

          (b)  From and after January 1, 2015, qualified homeowners described in subsection (2)(a) of Section 27-33-67 and unremarried surviving spouses of such homeowners shall be allowed an exemption from all ad valorem taxes on the assessed value of the homestead property.

(c)  Except as otherwise provided in paragraph (b) of this subsection, from and after January 1, 2015, qualified homeowners who have reached seventy (70) years of age on or before January 1 of the year for which the exemption is claimed shall be allowed an exemption from all ad valorem taxes on not in excess of Ten Thousand Dollars ($10,000.00) of the assessed value of the homestead property.

     (3)  Except as otherwise provided in this subsection, this section shall apply to exemptions claimed in the 2001 calendar year for which reimbursement is made in the 2002 calendar year and to exemptions claimed for which reimbursement is made in subsequent years.  The exemption provided for in subsection (2)(b) of this section shall apply to exemptions claimed in the 2015 calendar year for which reimbursement is made in the 2016 calendar year and to exemptions claimed for which reimbursement is made in subsequent years.  The exemption provided for in subsection (2)(c) of this section shall apply to exemptions claimed in the 2015 calendar year for which reimbursement is made in the 2016 calendar year and to exemptions claimed for which reimbursement is made in subsequent years.

     SECTION 2.  Nothing in this act shall affect or defeat any claim, assessment, appeal, suit, right or cause of action for taxes due or accrued under the ad valorem tax laws before the date on which this act becomes effective, whether such claims, assessments, appeals, suits or actions have been begun before the date on which this act becomes effective or are begun thereafter; and the provisions of the ad valorem tax laws are expressly continued in full force, effect and operation for the purpose of the assessment, collection and enrollment of liens for any taxes due or accrued and the execution of any warrant under such laws before the date on which this act becomes effective, and for the imposition of any penalties, forfeitures or claims for failure to comply with such laws.

     SECTION 3.  This act shall take effect and be in force from and after January 1, 2015.

---