Legislation Passed To Keep Down Property Taxes - WLOX.com - The News for South Mississippi

Legislation Passed To Keep Down Property Taxes

JACKSON, Miss. (AP)

 Legislation to keep property taxes down, especially for the elderly and disabled on fixed incomes, has passed the Mississippi House amid pledges that cities and counties won't lose any revenue.

Reappraisal of property has increased the value of homes and homesteads, so many elderly Mississippians are having to pay property taxes for the first time in years.

State law grants homeowners 65 and older, and the disabled, an exemption from property taxes that would be levied on the first $60,000 appraised value of their residence. The bill would raise that to $75,000 after a county has gone through reappraisal under State Tax Commission guidelines.

 Eleven counties have completed reappraisal. Lawmakers said 34 counties are reappraising this year and 37 others are scheduled for next year. Rep. Tommy Reynolds, D-Charleston, told House members the higher exemption is a response to reappraisal, which, fueled by inflation, has resulted higher taxes on property. Reynolds said there would be no loss of revenue to the counties.

 The House approved the bill 122-0 Monday, sending it to the Senate. The bill did not address the issue of reimbursement to the cities and counties for their total tax loss. Reynolds said those payments would not increase but cities and counties would experience some increase in revenue because other property would also go up in value. The proposed reimbursement for the next year is $77.5 million.

 Local officials say their tax loss is about double that. They have been making up the difference by raising tax rates and spreading the increases around, with residential taxpayers feeling the brunt. Similar legislation is pending in the Senate.

Pike County tax assessor and collector Joe B. Young told lawmakers last month that 170 people over 65 and disabled owed nothing in his county in 1999, but paid property taxes in 2000 when after reassessment, the appraised value of their homes went over $60,000. In Harrison County, the number was 2,900, officials said.

  • NEWSMore>>

  • Gulfport's Matt Luke fulfills a dream to become Ole Miss Head Football Coach

    Gulfport's Matt Luke fulfills a dream to become Ole Miss Head Football Coach

    Tuesday, July 25 2017 12:10 AM EDT2017-07-25 04:10:04 GMT

    The Luke family has been committed to Ole Miss for years.  On Monday Matt Luke met the media in Oxford four days after taking over the head coaching reins from Hugh Freeze.

    More >>

    The Luke family has been committed to Ole Miss for years.  On Monday Matt Luke met the media in Oxford four days after taking over the head coaching reins from Hugh Freeze.

    More >>
  • Matt Luke introduced as Ole Miss interim head coach

    Matt Luke introduced as Ole Miss interim head coach

    Monday, July 24 2017 11:58 PM EDT2017-07-25 03:58:50 GMT
    WLBTWLBT

    14 years as part of the Ole Miss football program as a coach or player has prepared Matt Luke for this opportunity. Admittedly it doesn't come under the circumstances he might've envisioned. But with a Rebel bloodline that runs 3 generations deep, the position fulfills a lifelong dream. "I can truly tell y'all today that this is my dream job," Luke said Monday at his first press conference as Ole Miss interim head coach. "It's a job that I've been preparing my whole li...

    More >>

    14 years as part of the Ole Miss football program as a coach or player has prepared Matt Luke for this opportunity. Admittedly it doesn't come under the circumstances he might've envisioned. But with a Rebel bloodline that runs 3 generations deep, the position fulfills a lifelong dream. "I can truly tell y'all today that this is my dream job," Luke said Monday at his first press conference as Ole Miss interim head coach. "It's a job that I've been preparing my whole li...

    More >>
  • Rain puts Pascagoula's new football turf on the clock

    Rain puts Pascagoula's new football turf on the clock

    Monday, July 24 2017 11:09 PM EDT2017-07-25 03:09:56 GMT
    Rain has slowed down construction crews as they attempt to put a new field turf at War Memorial Stadium (Photo Source: WLOX News Now)Rain has slowed down construction crews as they attempt to put a new field turf at War Memorial Stadium (Photo Source: WLOX News Now)

    The Pascagoula Panthers open the 2017 football season on the road. In fact, their first three games are road contests. That scheduling quirk may give field turf crews just enough time to get War Memorial Stadium ready for the September 8 home opener. The wet weather in South Mississippi is placing quite the burden on construction workers as they attempt to complete stadium renovations. The project was suppose to be finished before the beginning of Pascagoula's football season.

    More >>

    The Pascagoula Panthers open the 2017 football season on the road. In fact, their first three games are road contests. That scheduling quirk may give field turf crews just enough time to get War Memorial Stadium ready for the September 8 home opener. The wet weather in South Mississippi is placing quite the burden on construction workers as they attempt to complete stadium renovations. The project was suppose to be finished before the beginning of Pascagoula's football season.

    More >>
Powered by Frankly