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A person requesting homestead exemption must make a written application, must be a natural person, the head of a family, have ownership and eligible property, occupy the dwelling as a home, and be a Mississippi resident. Each of these requirements are discussed in detail.

(True value x Assessment Ratio x Millage Rate = Taxes) The true value of the property is multiplied by the appropriate assessment ratio to determine the assessed value. The assessed value is multiplied by the local property tax rate, or millage rate, to determine the property taxes owed.

If your property taxes are not paid by the last Friday before the last Monday in theAugust, then it is auctioned off to the highest bidder which is called a Tax Sale, or if no bids are received, then it is stricken off to the State.

Persons who are 65 years of age and older or who are disabled, upon application and proof of eligibility, are exempt from all ad valorem taxes up to $7,500.00 of assessed value. The application for exemption must be filed with the individual county on or before April 1.

You can create your own Rhode Island will or work with an estate planning attorney. Many people opt for self-help estate planning solutions, such as FindLaw Legal Forms and Services, to create their will customized to their needs.

Signature: The will must be signed by the testator or by someone else in the testator's name in his presence, by his express direction. Witnesses: A Rhode Island will must be signed by at least two individuals present at the same time who subscribe to the will in the presence of the testator.