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To: Ways and Means
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026
By: Representatives Remak, Arnold,
Blackwell, Carpenter, Hall, Harris, Hulum,
Kinkade, McLean, Owen, Waldo, Byrd
HOUSE BILL NO. 420
AN ACT TO AMEND SECTION 27-33-75, MISSISSIPPI CODE OF 1972, 1
TO PROVIDE THAT A QUALIFIED HOMEOWNER WHO IS AN HONORABLY 2
DISCHARGED AMERICAN VETERAN AND HAS REACHED 85 YEARS OF AGE ON OR 3
BEFORE JANUARY 1 OF THE YEAR FOR WHICH HOMESTEAD EXEMPTION IS 4
CLAIMED, SHALL BE ALLOWED AN EXEMPTION FROM ALL AD VALOREM TAXES 5
ON THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY; TO PROVIDE THAT 6
THE UNREMARRIED SURVIVING SPOUSE OF SUCH A HOMEOWNER SHALL BE 7
ALLOWED AN EXEMPTION FROM ALL AD VALOREM TAXES ON THE ASSESSED 8
VALUE OF THE HOMESTEAD PROPERTY; AND FOR RELATED PURPOSES. 9
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 10
SECTION 1. Section 27-33-75, Mississippi Code of 1972, is 11
amended as follows: 12
27-33-75. (1) Qualified homeowners described in subsection 13
(1) of Section 27-33-67 shall be allowed an exemption from ad 14
valorem taxes according to the following table: 15
ASSESSED VALUE HOMESTEAD 16
OF HOMESTEAD EXEMPTION 17
$ 1 - $ 150.............................................. $ 6.00 18
151 - 300.............................................. 12.00 19
301 - 450.............................................. 18.00 20
451 - 600.............................................. 24.00 21
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601 - 750.............................................. 30.00 22
751 - 900.............................................. 36.00 23
901 - 1,050.............................................. 42.00 24
1,051 - 1,200.............................................. 48.00 25
1,201 - 1,350.............................................. 54.00 26
1,351 - 1,500.............................................. 60.00 27
1,501 - 1,650.............................................. 66.00 28
1,651 - 1,800.............................................. 72.00 29
1,801 - 1,950.............................................. 78.00 30
1,951 - 2,100.............................................. 84.00 31
2,101 - 2,250.............................................. 90.00 32
2,251 - 2,400.............................................. 96.00 33
2,401 - 2,550.............................................. 102.00 34
2,551 - 2,700.............................................. 108.00 35
2,701 - 2,850.............................................. 114.00 36
2,851 - 3,000.............................................. 120.00 37
3,001 - 3,150.............................................. 126.00 38
3,151 - 3,300.............................................. 132.00 39
3,301 - 3,450.............................................. 138.00 40
3,451 - 3,600.............................................. 144.00 41
3,601 - 3,750.............................................. 150.00 42
3,751 - 3,900.............................................. 156.00 43
3,901 - 4,050.............................................. 162.00 44
4,051 - 4,200.............................................. 168.00 45
4,201 - 4,350.............................................. 174.00 46
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4,351 - 4,500.............................................. 180.00 47
4,501 - 4,650.............................................. 186.00 48
4,651 - 4,800.............................................. 192.00 49
4,801 - 4,950.............................................. 198.00 50
4,951 - 5,100.............................................. 204.00 51
5,101 - 5,250.............................................. 210.00 52
5,251 - 5,400.............................................. 216.00 53
5,401 - 5,550.............................................. 222.00 54
5,551 - 5,700.............................................. 228.00 55
5,701 - 5,850.............................................. 234.00 56
5,851 - 6,000.............................................. 240.00 57
6,001 - 6,150.............................................. 246.00 58
6,151 - 6,300.............................................. 252.00 59
6,301 - 6,450.............................................. 258.00 60
6,451 - 6,600.............................................. 264.00 61
6,601 - 6,750.............................................. 270.00 62
6,751 - 6,900.............................................. 276.00 63
6,901 - 7,050.............................................. 282.00 64
7,051 - 7,200.............................................. 288.00 65
7,201 - 7,350.............................................. 294.00 66
7,351 and above............................................ 300.00 67
Assessed values shall be rounded to the next whole dollar 68
(Fifty Cents (50¢) rounded to the next highest dollar) for the 69
purposes of the above table. 70
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One-half (1/2) of the exemption allowed in the above table 71
shall be from taxes levied for school district purposes and 72
one-half (1/2) shall be from taxes levied for county general fund 73
purposes. 74
(2) (a) Except as otherwise provided in this subsection, 75
qualified homeowners described in subsection (2) of Section 76
27-33-67 shall be allowed an exemption from all ad valorem taxes 77
on not in excess of Seven Thousand Five Hundred Dollars 78
($7,500.00) of the assessed value of the homestead property. 79
(b) From and after January 1, 2015, qualified 80
homeowners described in subsection (2)(a) of Section 27-33-67 and 81
unremarried surviving spouses of such homeowners shall be allowed 82
an exemption from all ad valorem taxes on the assessed value of 83
the homestead property. 84
(c) Except as otherwise provided in this paragraph (c), 85
a qualified homeowner claiming an exemption under paragraph (a) of 86
this subsection shall be allowed an additional exemption from all 87
ad valorem taxes on an amount equal to the difference between (i) 88
the assessed value of the homestead property on January 1, 2018, 89
or January 1 of the first year for which the qualified homeowner 90
claims an exemption for the homestead property under paragraph (a) 91
of this subsection, and (ii) any increase in the assessed value of 92
the homestead property resulting from a subsequent update in 93
valuation of the homestead property that is completed during the 94
time the qualified homeowner owns the property. In addition, if a 95
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subsequent update in valuation of the homestead property that is 96
completed during the time the qualified homeowner owns the 97
property results in the assessed value of the homestead property 98
being less than the assessed value of the property on January 1, 99
2018, or January 1 of the first year for which the qualified 100
homeowner claims an exemption for the homestead property under 101
paragraph (a) of this subsection, then the exemption authorized 102
under this paragraph (c) shall be on an amount equal to the 103
difference between (i) such lower assessed value and (ii) any 104
increase in the assessed value of the homestead property resulting 105
from a subsequent update in valuation of the homestead property 106
that is completed during the time the qualified homeowner owns the 107
property. However, except for renovations, expansions, 108
improvements or additions to promote energy efficiency, safety or 109
access to the homestead property, the exemption authorized in this 110
paragraph (c) shall not apply to any portion of increase in the 111
assessed value of the homestead property that is attributable to 112
renovations, expansions or improvements of or additions to the 113
property during such time. For the purposes of this paragraph 114
(c), an update in valuation of the homestead property occurs when 115
a county has completed an update in the valuation of Class I 116
property, as designated by Section 112, Mississippi Constitution 117
of 1890, in the county according to procedures prescribed by the 118
Department of Revenue and in effect on January 1, 2018, and for 119
which the Department of Revenue has certified that such new 120
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valuations have been implemented for the purposes of ad valorem 121
taxation. 122
(d) From and after January 1, 2023, a qualified 123
homeowner who is the unremarried surviving spouse of a member of 124
the United States Armed Forces who was killed or died on active 125
duty, or of a member of a reserve component of the United States 126
Armed Forces or of the National Guard who was killed or died on 127
active duty for training, shall be allowed an exemption from all 128
ad valorem taxes on the assessed value of the homestead property. 129
(e) (i) Except as otherwise provided in this 130
subparagraph (i), from and after January 1, 2025, a qualified 131
homeowner who is an American veteran who has been honorably 132
discharged from military service and has reached ninety (90) years 133
of age on or before January 1 of the year for which the exemption 134
is claimed, shall be allowed an exemption from all ad valorem 135
taxes on the assessed value of the homestead property. From and 136
after January 1, 2027, a qualified homeowner who is an American 137
veteran who has been honorably discharged from military service 138
and has reached eighty-five (85) years of age on or before January 139
1 of the year for which the exemption is claimed, shall be allowed 140
an exemption from all ad valorem taxes on the assessed value of 141
the homestead property. 142
(ii) Except as otherwise provided in this 143
subparagraph (ii), from and after January 1, 2026, a qualified 144
homeowner who is the unremarried surviving spouse of a homeowner 145
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described in subparagraph (i) of this paragraph (e) shall be 146
allowed an exemption from all ad valorem taxes on the assessed 147
value of the homestead property and unremarried surviving spouses 148
of homeowners classified as totally disabled under the federal 149
Social Security Act, Railroad Retirement Act, or any other federal 150
act approved by the Department of Revenue. From and after January 151
1, 2027, a qualified homeowner who is the unremarried surviving 152
spouse of a homeowner described in subparagraph (i) of this 153
paragraph (e), as amended by this act, shall be allowed an 154
exemption from all ad valorem taxes on the assessed value of the 155
homestead property. 156
(3) Except as otherwise provided in this subsection, this 157
section shall apply to exemptions claimed in the 2001 calendar 158
year for which reimbursement is made in the 2002 calendar year and 159
to exemptions claimed for which reimbursement is made in 160
subsequent years. The exemption provided for in subsection (2)(b) 161
of this section shall apply to exemptions claimed in the 2015 162
calendar year for which reimbursement is made in the 2016 calendar 163
year and to exemptions claimed for which reimbursement is made in 164
subsequent years. The exemption provided for in subsection (2)(c) 165
of this section shall apply to exemptions claimed in the 2018 166
calendar year for which reimbursement is made in the 2019 calendar 167
year and to exemptions claimed for which reimbursement is made in 168
subsequent years. Except as otherwise provided, the exemption 169
provided for in subsection (2)(e)(i) of this section shall apply 170
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ST: Homestead exemption; increase for honorably
discharged veterans age 85 or older and
unremarried surviving spouses of such persons.
to exemptions claimed in the 2025 calendar year for which 171
reimbursement is made in the 2026 calendar year and to exemptions 172
claimed for which reimbursement is made in subsequent years; 173
however, the exemption provided for in subsection (2)(e)(i) of 174
this section, as amended by this act, shall apply to exemptions 175
claimed in the 2027 calendar year for which reimbursement is made 176
in the 2028 calendar year and to exemptions claimed for which 177
reimbursement is made in subsequent years. Except as otherwise 178
provided, the exemption provided for in subsection (2)(e)(ii) of 179
this section shall apply to exemptions claimed in the 2026 180
calendar year for which reimbursement is made in the 2027 calendar 181
year and to exemptions claimed for which reimbursement is made in 182
subsequent years; however, the exemption provided for in 183
subsection (2)(e)(ii) of this section, as amended by this act, 184
shall apply to exemptions claimed in the 2027 calendar year for 185
which reimbursement is made in the 2028 calendar year and to 186
exemptions claimed for which reimbursement is made in subsequent 187
years. 188
SECTION 2. This act shall take effect and be in force from 189
and after July 1, 2026. 190