Read the full stored bill text
S. B. No. 3162 *SS36/R732.1* ~ OFFICIAL ~ R3/5
26/SS36/R732.1
PAGE 1 (icj\tb)
To: Finance
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026
By: Senator(s) Hartness
SENATE BILL NO. 3162
AN ACT TO AMEND SECTION 27-33-75, MISSISSIPPI CODE OF 1972, 1
TO ALLOW AN EXEMPTION FROM ALL AD VALOREM TAXES ON THE ASSESSED 2
VALUE OF THE HOMESTEAD PROPERTY FOR A QUALIFIED HOMEOWNER WHO IS 3
AN AMERICAN VETERAN WHO HAS BEEN HONORABLY DISCHARGED FROM 4
MILITARY SERVICE, FOR A QUALIFIED HOMEOWNER WHO HAS REACHED 65 5
YEARS OF AGE AND HIS OR HER UNREMARRIED SURVIVING SPOUSE, AND FOR 6
AN ACTIVE-DUTY MEMBER OF THE UNITED STATES ARMED FORCES; 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
S. B. No. 3162 *SS36/R732.1* ~ OFFICIAL ~
26/SS36/R732.1
PAGE 2 (icj\tb)
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
S. B. No. 3162 *SS36/R732.1* ~ OFFICIAL ~
26/SS36/R732.1
PAGE 3 (icj\tb)
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
S. B. No. 3162 *SS36/R732.1* ~ OFFICIAL ~
26/SS36/R732.1
PAGE 4 (icj\tb)
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
S. B. No. 3162 *SS36/R732.1* ~ OFFICIAL ~
26/SS36/R732.1
PAGE 5 (icj\tb)
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
S. B. No. 3162 *SS36/R732.1* ~ OFFICIAL ~
26/SS36/R732.1
PAGE 6 (icj\tb)
(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, * * * 2027, a 129
qualified homeowner who is an American veteran who has been 130
honorably discharged from military service * * * on or before 131
January 1 of the year for which the exemption is claimed * * * 132
shall be allowed an exemption from all ad valorem taxes on the 133
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, 2027, a qualified 143
homeowner who has reached sixty-five (65) years of age on or 144
before January 1 of the year for which the exemption is claimed, 145
and unremarried surviving spouses of such homeowners, shall be 146
S. B. No. 3162 *SS36/R732.1* ~ OFFICIAL ~
26/SS36/R732.1
PAGE 7 (icj\tb)
allowed an exemption from all ad valorem taxes on the assessed 147
value of the homestead property. 148
(g) From and after January 1, 2027, a qualified 149
homeowner who is an active-duty member of the United States Armed 150
Forces on January 1 of the year for which the exemption is claimed 151
shall be allowed an exemption from all ad valorem taxes on the 152
assessed value of the homestead property. 153
(3) Except as otherwise provided in this subsection, this 154
section shall apply to exemptions claimed in the 2001 calendar 155
year for which reimbursement is made in the 2002 calendar year and 156
to exemptions claimed for which reimbursement is made in 157
subsequent years. The exemption provided for in subsection (2)(b) 158
of this section shall apply to exemptions claimed in the 2015 159
calendar year for which reimbursement is made in the 2016 calendar 160
year and to exemptions claimed for which reimbursement is made in 161
subsequent years. The exemption provided for in subsection (2)(c) 162
of this section shall apply to exemptions claimed in the 2018 163
calendar year for which reimbursement is made in the 2019 calendar 164
year and to exemptions claimed for which reimbursement is made in 165
subsequent years. The exemption provided for in subsection 166
(2)(e)(i) of this section shall apply to exemptions claimed in the 167
2025 calendar year for which reimbursement is made in the 2026 168
calendar year and to exemptions claimed for which reimbursement is 169
made in subsequent years. The exemption provided for in 170
subsection (2)(e)(ii) of this section shall apply to exemptions 171
S. B. No. 3162 *SS36/R732.1* ~ OFFICIAL ~
26/SS36/R732.1
PAGE 8 (icj\tb)
ST: Homestead exemption; provide on full value
of home for homeowners 65 & older, unremarried
spouses, and military.
claimed in the 2026 calendar year for which reimbursement is made 172
in the 2027 calendar year and to exemptions claimed for which 173
reimbursement is made in subsequent years. 174
SECTION 2. This act shall take effect and be in force from 175
and after January 1, 2027. 176