Unlock Property Tax Savings with Homestead Exemption

If you’re a homeowner, whether you’ve recently purchased your dream home or have been enjoying your property for years, there’s an opportunity that could put some extra money back in your pocket. It’s called the Homestead Exemption, and it’s a valuable program offered under Mississippi’s tax laws.

What Exactly Is Homestead Exemption?

In simple terms, Homestead Exemption is a special provision in Mississippi’s tax law that aims to reduce the property tax burden on your primary residence. Sounds great, right? Well, it is, but there’s a catch—it’s not automatic. To benefit from this program, you must take the initiative and apply for it.

Here’s how the process works:

Visit Your Local Tax Assessor’s Office

The first step in your journey to property tax savings is a visit to your local tax assessor’s office. This is where you’ll submit your application for the Homestead Exemption. Don’t worry; the process is straightforward, but you’ll need to provide a few essential documents.

Gather the Required Documentation

To complete your application, you’ll typically need the following documents:

• A copy of your recorded Warranty Deed: This document verifies your ownership of the property.
• MS vehicle tag numbers: These help establish your primary residence.
• Social Security Number: Used for identification purposes.
• Birth dates: Ensures that you meet the eligibility criteria.
• Your closing/settlement statement: This provides evidence of the property’s purchase.

Explore Additional Exemptions for Seniors and the Disabled

If you’re over 65 years old or 100% disabled, Mississippi offers additional property tax exemptions that can provide even more relief. To take advantage of these exemptions, be sure to bring proof of your age or disability when applying.

For residents of Desoto County, Mississippi, you can find additional information on Homestead Exemption and other tax-saving programs by visiting the Tax Savings Programs (Homestead) | DeSoto County, MS – Official Website (desotocountyms.gov).

For residents of Tate County, Mississippi, you can find additional information on Homestead Exemption and other tax-saving programs by visiting the Homestead Exemption Information.pdf (revize.com)

Property taxes can be a significant expense for homeowners, but with the Homestead Exemption and other available programs, you have the opportunity to reduce your tax burden and keep more of your hard-earned money in your pocket. So, if you’re a homeowner in Mississippi, don’t miss out on the chance to save—apply for Homestead Exemption!