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

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To: Ways and Means
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026

By: Representative Evans

HOUSE BILL NO. 4007

AN ACT TO AMEND SECTION 27-33-75, MISSISSIPPI CODE OF 1972, 1
TO PROVIDE THAT A QUALIFIED HOMEOWNER WHO IS A LINEAL DESCENDANT 2
OF PREVIOUS OWNERS OF THE PROPERTY FOR WHICH HOMESTEAD EXEMPTION 3
HAS BEEN CLAIMED FOR NO LESS THAN FIFTEEN YEARS SHALL BE ALLOWED 4
AN ADDITIONAL EXEMPTION ON CERTAIN AD VALOREM TAXES ON THE 5
INCREASE IN THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY RESULTING 6
FROM A SUBSEQUENT UPDATE IN VALUATION OF THE PROPERTY; AND FOR 7
RELATED PURPOSES. 8
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 9
SECTION 1. Section 27-33-75, Mississippi Code of 1972, is 10
amended as follows: 11
27-33-75. (1) Qualified homeowners described in subsection 12
(1) of Section 27-33-67 shall be allowed an exemption from ad 13
valorem taxes according to the following table: 14
ASSESSED VALUE HOMESTEAD 15
OF HOMESTEAD EXEMPTION 16
$ 1 - $ 150.............................................. $ 6.00 17
151 - 300.............................................. 12.00 18
301 - 450.............................................. 18.00 19
451 - 600.............................................. 24.00 20
601 - 750.............................................. 30.00 21
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751 - 900.............................................. 36.00 22
901 - 1,050.............................................. 42.00 23
1,051 - 1,200.............................................. 48.00 24
1,201 - 1,350.............................................. 54.00 25
1,351 - 1,500.............................................. 60.00 26
1,501 - 1,650.............................................. 66.00 27
1,651 - 1,800.............................................. 72.00 28
1,801 - 1,950.............................................. 78.00 29
1,951 - 2,100.............................................. 84.00 30
2,101 - 2,250.............................................. 90.00 31
2,251 - 2,400.............................................. 96.00 32
2,401 - 2,550.............................................. 102.00 33
2,551 - 2,700.............................................. 108.00 34
2,701 - 2,850.............................................. 114.00 35
2,851 - 3,000.............................................. 120.00 36
3,001 - 3,150.............................................. 126.00 37
3,151 - 3,300.............................................. 132.00 38
3,301 - 3,450.............................................. 138.00 39
3,451 - 3,600.............................................. 144.00 40
3,601 - 3,750.............................................. 150.00 41
3,751 - 3,900.............................................. 156.00 42
3,901 - 4,050.............................................. 162.00 43
4,051 - 4,200.............................................. 168.00 44
4,201 - 4,350.............................................. 174.00 45
4,351 - 4,500.............................................. 180.00 46
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4,501 - 4,650.............................................. 186.00 47
4,651 - 4,800.............................................. 192.00 48
4,801 - 4,950.............................................. 198.00 49
4,951 - 5,100.............................................. 204.00 50
5,101 - 5,250.............................................. 210.00 51
5,251 - 5,400.............................................. 216.00 52
5,401 - 5,550.............................................. 222.00 53
5,551 - 5,700.............................................. 228.00 54
5,701 - 5,850.............................................. 234.00 55
5,851 - 6,000.............................................. 240.00 56
6,001 - 6,150.............................................. 246.00 57
6,151 - 6,300.............................................. 252.00 58
6,301 - 6,450.............................................. 258.00 59
6,451 - 6,600.............................................. 264.00 60
6,601 - 6,750.............................................. 270.00 61
6,751 - 6,900.............................................. 276.00 62
6,901 - 7,050.............................................. 282.00 63
7,051 - 7,200.............................................. 288.00 64
7,201 - 7,350.............................................. 294.00 65
7,351 and above............................................ 300.00 66
Assessed values shall be rounded to the next whole dollar 67
(Fifty Cents (50¢) rounded to the next highest dollar) for the 68
purposes of the above table. 69
One-half (1/2) of the exemption allowed in the above table 70
shall be from taxes levied for school district purposes and 71
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one-half (1/2) shall be from taxes levied for county general fund 72
purposes. 73
(2) (a) Except as otherwise provided in this subsection, 74
qualified homeowners described in subsection (2) of Section 75
27-33-67 shall be allowed an exemption from all ad valorem taxes 76
on not in excess of Seven Thousand Five Hundred Dollars 77
($7,500.00) of the assessed value of the homestead property. 78
(b) From and after January 1, 2015, qualified 79
homeowners described in subsection (2)(a) of Section 27-33-67 and 80
unremarried surviving spouses of such homeowners shall be allowed 81
an exemption from all ad valorem taxes on the assessed value of 82
the homestead property. 83
(c) Except as otherwise provided in this paragraph (c), 84
a qualified homeowner claiming an exemption under paragraph (a) of 85
this subsection shall be allowed an additional exemption from all 86
ad valorem taxes on an amount equal to the difference between (i) 87
the assessed value of the homestead property on January 1, 2018, 88
or January 1 of the first year for which the qualified homeowner 89
claims an exemption for the homestead property under paragraph (a) 90
of this subsection, and (ii) any increase in the assessed value of 91
the homestead property resulting from a subsequent update in 92
valuation of the homestead property that is completed during the 93
time the qualified homeowner owns the property. In addition, if a 94
subsequent update in valuation of the homestead property that is 95
completed during the time the qualified homeowner owns the 96
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property results in the assessed value of the homestead property 97
being less than the assessed value of the property on January 1, 98
2018, or January 1 of the first year for which the qualified 99
homeowner claims an exemption for the homestead property under 100
paragraph (a) of this subsection, then the exemption authorized 101
under this paragraph (c) shall be on an amount equal to the 102
difference between (i) such lower assessed value and (ii) any 103
increase in the assessed value of the homestead property resulting 104
from a subsequent update in valuation of the homestead property 105
that is completed during the time the qualified homeowner owns the 106
property. However, except for renovations, expansions, 107
improvements or additions to promote energy efficiency, safety or 108
access to the homestead property, the exemption authorized in this 109
paragraph (c) shall not apply to any portion of increase in the 110
assessed value of the homestead property that is attributable to 111
renovations, expansions or improvements of or additions to the 112
property during such time. For the purposes of this paragraph 113
(c), an update in valuation of the homestead property occurs when 114
a county has completed an update in the valuation of Class I 115
property, as designated by Section 112, Mississippi Constitution 116
of 1890, in the county according to procedures prescribed by the 117
Department of Revenue and in effect on January 1, 2018, and for 118
which the Department of Revenue has certified that such new 119
valuations have been implemented for the purposes of ad valorem 120
taxation. 121
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(d) From and after January 1, 2023, a qualified 122
homeowner who is the unremarried surviving spouse of a member of 123
the United States Armed Forces who was killed or died on active 124
duty, or of a member of a reserve component of the United States 125
Armed Forces or of the National Guard who was killed or died on 126
active duty for training, shall be allowed an exemption from all 127
ad valorem taxes on the assessed value of the homestead property. 128
(e) (i) From and after January 1, 2025, a qualified 129
homeowner who is an American veteran who has been honorably 130
discharged from military service and has reached ninety (90) years 131
of age on or before January 1 of the year for which the exemption 132
is claimed, shall be allowed an exemption from all ad valorem 133
taxes on the assessed value of the homestead property. 134
(ii) From and after January 1, 2026, a qualified 135
homeowner who is the unremarried surviving spouse of a homeowner 136
described in subparagraph (i) of this paragraph (e) shall be 137
allowed an exemption from all ad valorem taxes on the assessed 138
value of the homestead property and unremarried surviving spouses 139
of homeowners classified as totally disabled under the federal 140
Social Security Act, Railroad Retirement Act, or any other federal 141
act approved by the Department of Revenue. 142
(f) From and after January 1, 2026, a qualified 143
homeowner who meets the eligibility requirements prescribed under 144
this paragraph (f) shall be allowed, following an increase in the 145
assessed value of the homestead property resulting from each 146
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subsequent update in valuation, an additional exemption from all 147
ad valorem taxes on the amount equal to the updated assessed value 148
of the homestead property which exceeds an amount equal to one 149
hundred ten percent (110%) of the average assessed value of the 150
homestead property during those years that the homestead property 151
has been owned, without interruption, by the lineal descendants of 152
the current property owner. In order to be eligible for the 153
exemption authorized under this paragraph (f), the qualified 154
homeowner must be a lineal descendant of the previous owner or 155
owners of the homestead property, which must have been the 156
homestead property in the lineal line of ancestry of the qualified 157
homeowner for no less than the preceding fifteen (15) consecutive 158
years. For the purposes of this paragraph (f), an update in 159
valuation of the homestead property occurs when a county has 160
completed an update in the valuation of Class I property, as 161
designated by Section 112, Mississippi Constitution of 1890, in 162
the county according to procedures prescribed by the Department of 163
Revenue and in effect on January 1, 2026, and for which the 164
Department of Revenue has certified that such new valuations have 165
been implemented for the purposes of ad valorem taxation. 166
(3) Except as otherwise provided in this subsection, this 167
section shall apply to exemptions claimed in the 2001 calendar 168
year for which reimbursement is made in the 2002 calendar year and 169
to exemptions claimed for which reimbursement is made in 170
subsequent years. The exemption provided for in subsection (2)(b) 171
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of this section shall apply to exemptions claimed in the 2015 172
calendar year for which reimbursement is made in the 2016 calendar 173
year and to exemptions claimed for which reimbursement is made in 174
subsequent years. The exemption provided for in subsection (2)(c) 175
of this section shall apply to exemptions claimed in the 2018 176
calendar year for which reimbursement is made in the 2019 calendar 177
year and to exemptions claimed for which reimbursement is made in 178
subsequent years. The exemption provided for in subsection 179
(2)(e)(i) of this section shall apply to exemptions claimed in the 180
2025 calendar year for which reimbursement is made in the 2026 181
calendar year and to exemptions claimed for which reimbursement is 182
made in subsequent years. The exemption provided for in 183
subsections (2)(e)(ii) and (2)(f) of this section shall apply to 184
exemptions claimed in the 2026 calendar year for which 185
reimbursement is made in the 2027 calendar year and to exemptions 186
claimed for which reimbursement is made in subsequent years. 187
SECTION 2. Nothing in this act shall affect or defeat any 188
claim, assessment, appeal, suit, right or cause of action for 189
taxes due or accrued under the ad valorem tax laws before the date 190
on which this act becomes effective, whether such claims, 191
assessments, appeals, suits or actions have been begun before the 192
date on which this act becomes effective or are begun thereafter; 193
and the provisions of the ad valorem tax laws are expressly 194
continued in full force, effect and operation for the purpose of 195
the assessment, collection and enrollment of liens for any taxes 196
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ST: Homestead Exemption; increase for certain
lineal descendants of previous owners of
homestead property.
due or accrued and the execution of any warrant under such laws 197
before the date on which this act becomes effective, and for the 198
imposition of any penalties, forfeitures or claims for failure to 199
comply with such laws. 200
SECTION 3. This act shall take effect and be in force from 201
and after January 1, 2026. 202