summary
Introduced
01/19/2026
01/19/2026
In Committee
01/19/2026
01/19/2026
Crossed Over
Passed
Dead
02/25/2026
02/25/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Amend Section 27-33-3, Mississippi Code Of 1972, To Increase The Maximum Homestead Exemption From $7,500.00 To $20,000.00 Of The Assessed Value Of The Homestead Property; To Amend Section 27-33-75, Mississippi Code Of 1972, To Conform; And For Related Purposes.
AI Summary
This bill proposes to significantly increase the homestead exemption in Mississippi, which is a tax break for homeowners on the assessed value of their primary residence. Specifically, it aims to raise the maximum homestead exemption from $7,500 to $20,000 of the assessed value of a homestead property, meaning homeowners will be able to exclude a larger portion of their home's value from property taxes. The bill also makes conforming changes to other related sections of Mississippi law to reflect this increase and specifies that these changes will take effect on January 1, 2027.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/25/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2826.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/SB/2800-2899/SB2826IN.htm |
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