Assessed values shall be rounded to the next whole dollar (Fifty Cents (50¢) rounded to the next highest dollar) for the purposes of the above table.
One-half (1/2) of the exemption allowed in the above table shall be from taxes levied for school district purposes and one-half (1/2) shall be from taxes levied for county general purposes, roads and bridges, junior colleges and agricultural high schools in the proportion that the number of mills levied for each such purpose bears to the total mills levied for all such purposes herein enumerated, except for school district purposes.
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TRUE VALUE ASSESSED VALUE HOMESTEAD OF HOMESTEAD OF HOMESTEAD EXEMPTION $ 1 - $ 1,000 $ 1 - $ 150 $ 6.00 1,001 - 2,000 151 - 300 12.00 2,001 - 3,000 301 - 450 18.00 3,001 - 4,000 451 - 600 24.00 4,001 - 5,000 601 - 750 30.00 5,001 - 6,000 751 - 900 36.00 6,001 - 7,000 901 - 1,050 42.00 7,001 - 8,000 1,051 - 1,200 48.00 8,001 - 9,000 1,201 - 1,350 54.00 9,001 - 10,000 1,351 - 1,500 60.00 10,001 - 11,000 1,501 - 1,650 66.00 11,001 - 12,000 1,651 - 1,800 72.00 12,001 - 13,000 1,801 - 1,950 78.00 13,001 - 14,000 1,951 - 2,100 84.00 14,001 - 15,000 2,101 - 2,250 90.00 15,001 - 16,000 2,251 - 2,400 96.00 16,001 - 17,000 2,401 - 2,550 102.00 17,001 - 18,000 2,551 - 2,700 108.00 18,001 - 19,000 2,701 - 2,850 114.00 19,001 - 20,000 2,851 - 3,000 120.00 20,001 - 21,000 3,001 - 3,150 126.00 21,001 - 22,000 3,151 - 3,300 132.00 22,001 - 23,000 3,301 - 3,450 138.00 23,001 - 24,000 3,451 - 3,600 144.00 24,001 - 25,000 3,601 - 3,750 150.00 25,001 - 26,000 3,751 - 3,900 156.00 26,001 - 27,000 3,901 - 4,050 162.00 27,001 - 28,000 4,051 - 4,200 168.00 28,001 - 29,000 4,201 - 4,350 174.00 29,001 - 30,000 4,351 - 4,500 180.00 30,001 - 31,000 4,501 - 4,650 186.00 31,001 - 32,000 4,651 - 4,800 192.00 32,001 - 33,000 4,801 - 4,950 198.00 33,001 - 34,000 4,951 - 5,100 204.00 34,001 - 35,000 5,101 - 5,250 210.00 35,001 - 36,000 5,251 - 5,400 216.00 36,001 - 37,000 5,401 - 5,550 222.00 37,001 - 38,000 5,551 - 5,700 228.00 38,001 - 39,000 5,701 - 5,850 234.00 39,001 - 40,000 5,581 - 6,000 240.00 40,001 - 41,000 6,001 - 6,150 246.00 41,001 - 42,000 6,151 - 6,300 252.00 42,001 - 43,000 6,301 - 6,450 258.00 43,001 - 44,000 6,451 - 6,600 264.00 44,001 - 45,000 6,601 - 6,750 270.00 45,001 - 46,000 6,751 - 6,900 276.00 46,001 - 47,000 6,901 - 7,050 282.00 47,001 - 48,000 7,051 - 7,200 288.00 48,001 - 49,000 7,201 - 7,350 294.00 49,001 and above 7,351 and above 300.00
Structure Mississippi Code
Title 27 - Taxation and Finance
Chapter 33 - Ad Valorem Taxes-Homestead Exemptions
Article 1 - General Provisions
§ 27-33-3. Homestead exemption generally
§ 27-33-7. Application of exemption; determination of right to exemption
§ 27-33-9. Construction of terms
§ 27-33-11. General definitions
§ 27-33-13. Head of family defined
§ 27-33-15. Family group defined
§ 27-33-19. Home and homestead defined
§ 27-33-21. Exclusions from definition of home and from homestead exemption
§ 27-33-23. Homes outside a municipality
§ 27-33-25. Homes in municipalities
§ 27-33-27. Unplatted land shall be described and acreage stated
§ 27-33-29. Effect of destruction, etc., of dwelling
§ 27-33-31. Duties of applicant for homestead exemption; procedure for application
§ 27-33-35. Duties of clerk of board of supervisors
§ 27-33-37. Duties and powers of the board of supervisors
§ 27-33-39. Duties of the chancery clerk
§ 27-33-41. Duties and powers of Department of Revenue; administration; reimbursement
§ 27-33-45. Duties of the state auditor
§ 27-33-47. Duties of the state treasurer
§ 27-33-49. Duties of the attorney general
§ 27-33-51. Duties of tax collectors
§ 27-33-61. Public attorneys to sue
§ 27-33-63. Additional restrictions, limitations and changes
§ 27-33-77. Reimbursement of tax losses; limitations
§ 27-33-79. Reimbursement of tax losses as affected by reduction of approved homestead applicants