The Homestead Exemption in Mississippi

Regular homestead exemption (for applicants under 65 who are not in a disability tier): a tax credit of up to $300, based on property value, against taxes due on the home. The applicant must own and occupy the home as a primary residence on January 1 of the year the exemption is sought; ownership must be established before January 1 and the deed or other ownership instrument filed with the Chancery Clerk before January 7.

Apply in person at the county Tax Assessor's office during normal business hours (not online); check with the county for local requirements first. Bring Social Security numbers (or ITINs) and dates of birth for all applicants, contact information, the property's physical address, the purchase price and down payment, the HUD closing statement or other transaction documents, and tag numbers of all vehicles owned or possessed. Once approved, the exemption continues each year without refiling, but you must reapply if you lose it, if ownership, use or occupancy changes, or if you move to a different tier (for example, when you turn 65).

Applications are accepted between January 1 and April 1 of each year; you must file on or before April 1 to qualify for the assessment year.