MississippiHB 4202026 Regular SessionHouseWALLET

Homestead exemption; increase for honorably discharged veterans age 85 or older and unremarried surviving spouses of such persons.

Sponsored By: Kimberly Remak (Republican)

Signed by Governor

Ways and MeansFinance

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

5 provisions identified: 5 benefits, 0 costs, 0 mixed.

Fixed homestead tax break for homeowners

Beginning July 1, 2026, qualified homeowners in the basic homestead class get a fixed-dollar property tax break. The amount comes from a table based on your home’s assessed value, from $6 to $300 per year. Your assessed value is rounded to the next whole dollar, with 50 cents rounded up. Half of the break cuts school district taxes and half cuts county general fund taxes.

Full homestead tax break for elderly veterans

Starting January 1, 2025, honorably discharged veterans who are age 90 or older on January 1 are exempt from all property taxes on their homestead. Beginning January 1, 2027, the age threshold drops to 85. You must be a qualified homeowner to claim this exemption.

Full property tax relief for fallen service spouses

Starting January 1, 2023, the unremarried surviving spouse of a service member who died on active duty (including active duty for training) is exempt from all property taxes on the homestead. You must remain unremarried to keep this full exemption.

Full tax relief for veteran and disabled homeowner spouses

Starting January 1, 2026, the unremarried surviving spouse of a veteran who met the age rule, or of a homeowner classified as totally disabled under the Social Security Act, Railroad Retirement Act, or another approved federal act, is exempt from all property taxes on the homestead. Beginning January 1, 2027, the same full exemption continues under the lower veteran age threshold. You must remain unremarried to keep this exemption.

Up to $7,500 homestead tax exemption

Beginning July 1, 2026, qualified homeowners in the enhanced homestead class are exempt from local property taxes on up to $7,500 of assessed value. If you claim this exemption, you can also get an extra break after a county Class I reappraisal certified by the Department of Revenue. That extra amount equals the increase in assessed value since January 1, 2018 (or your first claim year), excluding most renovations; upgrades that improve energy efficiency, safety, or access can still count. The extra exemption applies while you own the home.

Sponsors & Cosponsors

Sponsor

Kimberly Remak
Republican • House

Cosponsors

William Tracy Arnold
Republican • House
Kevin Blackwell
Republican • Senate
Larry Byrd
Republican • House
Lester Carpenter
Republican • House
Rodney Hall
Republican • House
W.I. Harris
Republican • House
Hulum
Affiliation unavailable
Bill Kinkade
Republican • House
Dana McLean
Republican • House
Jansen T. Owen
Republican • House
Beth Luther Waldo
Republican • House

Roll Call Votes

All Roll Calls

Yes: 171 • No: 0

Senate vote • 3/11/2026

Passed

Yes: 51 • No: 0

House vote • 2/25/2026