Homeowners may also be eligible for the Mississippi homestead exemption. This exempts the first $7,500 in assessed value from taxation, up to a maximum of $300 off your tax bill. Seniors who are 65 or older receive a full exemption on the first $7,500 of their property's assessed value.

Application Requirements A copy of your recorded Warranty Deed. Your Mississippi car and/or truck tag numbers. Social Security Numbers for You and Your Spouse if You Are Married. Birth dates for you and your spouse or all parties applying for homestead. Your closing or settlement statement.

To qualify for a homestead exemption the residence must be owner occupied. All applications must be filed between the dates of January 2 and April 1 of each year.

Qualifying homeowners, including disabled veterans and seniors, can exempt up to $150,000 based on the value assessment of their home. Qualifying homeowners age 18 and older can exempt up to $400,000 in property value. Qualifying homeowners can get a property tax credit up to $425 in 2024.

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.

When must I file my application for homestead exemption? Applications for homestead exemption must be filed between January 1 and April 1.

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The applicant and the applicant's spouse must be residents of Mississippi to be eligible for homestead exemption benefits. Seeking more information on Homestead Exemption?Please complete the following form and bring into the Tax Assessors office to file your homestead exemption. To apply for Homestead Exemption for the first time, you need to come to the Tax Assessor's Office located at 365 Losher Street, Suite 100, Hernando, MS 38632. An application must be filed with the county in which the resident has primary residence to determine if they qualify for this exemption. For homeowners who are older than 65 or completely disabled, the homestead exemption does not use the regular homestead exemption sliding scale. To qualify for a homestead exemption the residence must be owner occupied. After checking your filing status, enter the corresponding exemption dollar amount on page 1, line 11. (the dollar amount is shown next to the filing status you. A detailed list of information is required to file the initial application.

Homestead Exemption In Mississippi In Wake

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