Subject: Document Requirements for Homestead Exemption in Mississippi Dear [Client's Name], I hope this letter finds you in good health and high spirits. As your trusted real estate agent, I am writing to provide you with detailed information regarding the essential real estate documents required for filing a homestead exemption in the state of Mississippi. In the great state of Mississippi, the homestead exemption serves as an invaluable resource for homeowners like you, providing an opportunity to reduce property taxes on your primary residence. This exemption grants a portion of your property's assessed value to be exempted from taxation, thus protecting the home's value and offering potential financial benefits. To successfully apply for the homestead exemption, you must submit the following real estate documents: 1. Homestead Exemption Application: This is the primary form that needs to be completed accurately. It requires your personal details, including your name, address, Social Security number, county, and tax parcel number. 2. Proof of Residency: You need to submit proof confirming that the property in question is your primary residence. This can be fulfilled by providing a copy of your driver's license, utility bills, voter registration card, or any official document that verifies your physical address. 3. Property Deed or Lease: Attach a certified copy of your property deed or lease agreement to establish your ownership or tenancy. 4. Vehicle Registration: Include copies of your vehicle registration(s) to demonstrate that your primary residence is in Mississippi and is associated with the property. 5. Social Security Card: Provide a copy of your Social Security card for verification purposes. 6. Documentation for Disability Exemption (if applicable): If you or someone residing in your property has a disability, additional documents such as disability award letters or documents from a physician may be required. It's worth noting that the specific requirements and forms may vary slightly depending on the county in Mississippi where the property is located. Some counties might also request a copy of your federal income tax return or other supporting statements. If needed, I can assist you further by providing you with county-specific information and forms. I highly recommend submitting these documents to your county tax assessor's office no later than April 1st to ensure timely processing of your homestead exemption application and eligibility for the corresponding property tax benefits. Should you require any assistance with the completion or collection of these documents, please do not hesitate to reach out. I am here to support you throughout this process. Thank you for your attention to this matter. Please feel free to contact me with any questions or concerns. Wishing you all the best in obtaining the homestead exemption and benefiting from the financial advantages it offers. Warm regards, [Your Name] [Your Title/Position] [Your Contact Information]
Mississippi Sample Letter to Client regarding Real Estate Documents related to Homestead
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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.
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.
The Homestead Exemption Law was enacted by the Mississippi Legislature to ease the tax burden on citizens who own and live in their own homes. If a citizen qualifies for homestead exemption, the State of Mississippi exempts part or all of their ad valorem tax bill on qualifying property.
The exemption is from all ad valorem taxes assessed to property, limited to the first seven thousand five hundred dollars ($7,500) of assessed value, and limited to three hundred dollars ($300) of actual exempted tax dollars.
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.
In Mississippi, paying the property taxes on someone else's land does not affect ownership in any manner. You simply cannot obtain title to someone's land by paying their taxes for them.
The property owner who applies for and is eligible to receive homestead exemption benefits, and who is also over sixty-five years of age or 100% disabled, is totally exempt from residential property taxes on the first $7,500 of assessed value of the property.