Homestead exemption; increase for persons 65 years of age or older.

H. B. No. 913 *HR43/R1097* ~ OFFICIAL ~ R3/5
26/HR43/R1097
PAGE 1 (BS\KP)

To: Ways and Means
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026

By: Representatives Smith, Calvert

HOUSE BILL NO. 913

AN ACT TO AMEND SECTION 27-33-75, MISSISSIPPI CODE OF 1972, 1
TO INCREASE THE AMOUNT OF HOMESTEAD EXEMPTION FROM AD VALOREM 2
TAXES FOR PERSONS WHO ARE SIXTY-FIVE YEARS OF AGE OR OLDER; AND 3
FOR RELATED PURPOSES. 4
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 5
SECTION 1. Section 27-33-75, Mississippi Code of 1972, is 6
amended as follows: 7
27-33-75. (1) Qualified homeowners described in subsection 8
(1) of Section 27-33-67 shall be allowed an exemption from ad 9
valorem taxes according to the following table: 10
ASSESSED VALUE HOMESTEAD 11
OF HOMESTEAD EXEMPTION 12
$ 1 - $ 150.............................................. $ 6.00 13
151 - 300.............................................. 12.00 14
301 - 450.............................................. 18.00 15
451 - 600.............................................. 24.00 16
601 - 750.............................................. 30.00 17
751 - 900.............................................. 36.00 18
901 - 1,050.............................................. 42.00 19
H. B. No. 913 *HR43/R1097* ~ OFFICIAL ~
26/HR43/R1097
PAGE 2 (BS\KP)

1,051 - 1,200.............................................. 48.00 20
1,201 - 1,350.............................................. 54.00 21
1,351 - 1,500.............................................. 60.00 22
1,501 - 1,650.............................................. 66.00 23
1,651 - 1,800.............................................. 72.00 24
1,801 - 1,950.............................................. 78.00 25
1,951 - 2,100.............................................. 84.00 26
2,101 - 2,250.............................................. 90.00 27
2,251 - 2,400.............................................. 96.00 28
2,401 - 2,550.............................................. 102.00 29
2,551 - 2,700.............................................. 108.00 30
2,701 - 2,850.............................................. 114.00 31
2,851 - 3,000.............................................. 120.00 32
3,001 - 3,150.............................................. 126.00 33
3,151 - 3,300.............................................. 132.00 34
3,301 - 3,450.............................................. 138.00 35
3,451 - 3,600.............................................. 144.00 36
3,601 - 3,750.............................................. 150.00 37
3,751 - 3,900.............................................. 156.00 38
3,901 - 4,050.............................................. 162.00 39
4,051 - 4,200.............................................. 168.00 40
4,201 - 4,350.............................................. 174.00 41
4,351 - 4,500.............................................. 180.00 42
4,501 - 4,650.............................................. 186.00 43
4,651 - 4,800.............................................. 192.00 44
H. B. No. 913 *HR43/R1097* ~ OFFICIAL ~
26/HR43/R1097
PAGE 3 (BS\KP)

4,801 - 4,950.............................................. 198.00 45
4,951 - 5,100.............................................. 204.00 46
5,101 - 5,250.............................................. 210.00 47
5,251 - 5,400.............................................. 216.00 48
5,401 - 5,550.............................................. 222.00 49
5,551 - 5,700.............................................. 228.00 50
5,701 - 5,850.............................................. 234.00 51
5,851 - 6,000.............................................. 240.00 52
6,001 - 6,150.............................................. 246.00 53
6,151 - 6,300.............................................. 252.00 54
6,301 - 6,450.............................................. 258.00 55
6,451 - 6,600.............................................. 264.00 56
6,601 - 6,750.............................................. 270.00 57
6,751 - 6,900.............................................. 276.00 58
6,901 - 7,050.............................................. 282.00 59
7,051 - 7,200.............................................. 288.00 60
7,201 - 7,350.............................................. 294.00 61
7,351 and above............................................ 300.00 62
Assessed values shall be rounded to the next whole dollar 63
(Fifty Cents (50¢) rounded to the next highest dollar) for the 64
purposes of the above table. 65
One-half (1/2) of the exemption allowed in the above table 66
shall be from taxes levied for school district purposes and 67
one-half (1/2) shall be from taxes levied for county general fund 68
purposes. 69
H. B. No. 913 *HR43/R1097* ~ OFFICIAL ~
26/HR43/R1097
PAGE 4 (BS\KP)

(2) (a) (i) Except as otherwise provided in this 70
subsection, qualified homeowners described in subsection (2) of 71
Section 27-33-67 shall be allowed an exemption from all ad valorem 72
taxes on not in excess of Seven Thousand Five Hundred Dollars 73
($7,500.00) of the assessed value of the homestead property. 74
(ii) Except as otherwise provided in this 75
subsection, from and after January 1, 2027, qualified homeowners 76
who have reached sixty-five (65) years of age on or before January 77
1 of the year for which the exemption is claimed shall be allowed 78
an exemption from all ad valorem taxes on not in excess of Twelve 79
Thousand Five Hundred Dollars ($12,500.00) of the assessed value 80
of the homestead property. 81
(b) From and after January 1, 2015, qualified 82
homeowners described in subsection (2)(a) of Section 27-33-67 and 83
unremarried surviving spouses of such homeowners shall be allowed 84
an exemption from all ad valorem taxes on the assessed value of 85
the homestead property. 86
(c) Except as otherwise provided in this paragraph (c), 87
a qualified homeowner claiming an exemption under paragraph (a) of 88
this subsection shall be allowed an additional exemption from all 89
ad valorem taxes on an amount equal to the difference between (i) 90
the assessed value of the homestead property on January 1, 2018, 91
or January 1 of the first year for which the qualified homeowner 92
claims an exemption for the homestead property under paragraph (a) 93
of this subsection, and (ii) any increase in the assessed value of 94
H. B. No. 913 *HR43/R1097* ~ OFFICIAL ~
26/HR43/R1097
PAGE 5 (BS\KP)

the homestead property resulting from a subsequent update in 95
valuation of the homestead property that is completed during the 96
time the qualified homeowner owns the property. In addition, if a 97
subsequent update in valuation of the homestead property that is 98
completed during the time the qualified homeowner owns the 99
property results in the assessed value of the homestead property 100
being less than the assessed value of the property on January 1, 101
2018, or January 1 of the first year for which the qualified 102
homeowner claims an exemption for the homestead property under 103
paragraph (a) of this subsection, then the exemption authorized 104
under this paragraph (c) shall be on an amount equal to the 105
difference between (i) such lower assessed value and (ii) any 106
increase in the assessed value of the homestead property resulting 107
from a subsequent update in valuation of the homestead property 108
that is completed during the time the qualified homeowner owns the 109
property. However, except for renovations, expansions, 110
improvements or additions to promote energy efficiency, safety or 111
access to the homestead property, the exemption authorized in this 112
paragraph (c) shall not apply to any portion of increase in the 113
assessed value of the homestead property that is attributable to 114
renovations, expansions or improvements of or additions to the 115
property during such time. For the purposes of this paragraph 116
(c), an update in valuation of the homestead property occurs when 117
a county has completed an update in the valuation of Class I 118
property, as designated by Section 112, Mississippi Constitution 119
H. B. No. 913 *HR43/R1097* ~ OFFICIAL ~
26/HR43/R1097
PAGE 6 (BS\KP)

of 1890, in the county according to procedures prescribed by the 120
Department of Revenue and in effect on January 1, 2018, and for 121
which the Department of Revenue has certified that such new 122
valuations have been implemented for the purposes of ad valorem 123
taxation. 124
(d) From and after January 1, 2023, a qualified 125
homeowner who is the unremarried surviving spouse of a member of 126
the United States Armed Forces who was killed or died on active 127
duty, or of a member of a reserve component of the United States 128
Armed Forces or of the National Guard who was killed or died on 129
active duty for training, shall be allowed an exemption from all 130
ad valorem taxes on the assessed value of the homestead property. 131
(e) (i) From and after January 1, 2025, a qualified 132
homeowner who is an American veteran who has been honorably 133
discharged from military service and has reached ninety (90) years 134
of age on or before January 1 of the year for which the exemption 135
is claimed, shall be allowed an exemption from all ad valorem 136
taxes on the assessed value of the homestead property. 137
(ii) From and after January 1, 2026, a qualified 138
homeowner who is the unremarried surviving spouse of a homeowner 139
described in subparagraph (i) of this paragraph (e) shall be 140
allowed an exemption from all ad valorem taxes on the assessed 141
value of the homestead property and unremarried surviving spouses 142
of homeowners classified as totally disabled under the federal 143
H. B. No. 913 *HR43/R1097* ~ OFFICIAL ~
26/HR43/R1097
PAGE 7 (BS\KP)

Social Security Act, Railroad Retirement Act, or any other federal 144
act approved by the Department of Revenue. 145
(3) Except as otherwise provided in this subsection, this 146
section shall apply to exemptions claimed in the 2001 calendar 147
year for which reimbursement is made in the 2002 calendar year and 148
to exemptions claimed for which reimbursement is made in 149
subsequent years. The exemption provided for in subsection (2)(b) 150
of this section shall apply to exemptions claimed in the 2015 151
calendar year for which reimbursement is made in the 2016 calendar 152
year and to exemptions claimed for which reimbursement is made in 153
subsequent years. The exemption provided for in subsection (2)(c) 154
of this section shall apply to exemptions claimed in the 2018 155
calendar year for which reimbursement is made in the 2019 calendar 156
year and to exemptions claimed for which reimbursement is made in 157
subsequent years. The exemption provided for in subsection 158
(2)(e)(i) of this section shall apply to exemptions claimed in the 159
2025 calendar year for which reimbursement is made in the 2026 160
calendar year and to exemptions claimed for which reimbursement is 161
made in subsequent years. The exemption provided for in 162
subsection (2)(e)(ii) of this section shall apply to exemptions 163
claimed in the 2026 calendar year for which reimbursement is made 164
in the 2027 calendar year and to exemptions claimed for which 165
reimbursement is made in subsequent years. The exemption provided 166
for in subsection (2)(a)(ii) of this section shall apply to 167
exemptions claimed in the 2027 calendar year for which 168
H. B. No. 913 *HR43/R1097* ~ OFFICIAL ~
26/HR43/R1097
PAGE 8 (BS\KP)
ST: Homestead exemption; increase for persons
65 years of age or older.
reimbursement is made in the 2028 calendar year and to exemptions 169
claimed for which reimbursement is made in subsequent years. 170
SECTION 2. This act shall take effect and be in force from 171
and after July 1, 2026. 172