The deadline to file for Homestead Exemption in DeSoto County is fast approaching and Tax Assessor Parker Pickle said he wanted to make sure that all eligible individuals were aware they needed to come in and file for the tax credit to homeowners if they had a major life status change in 2015.
Homestead exemption is automatic if there have not been any changes such as reaching retirement age or the death of a spouse.
Homeowners in DeSoto County and across Mississippi have until 5 p.m. April 1 to file for homestead exemption, which gives homeowners an automatic tax exemption on the first $7,500 of a home’s assessed value.
The total exemption is limited to no more than $300 of actual tax exempted dollars.
Homestead exemption, which basically equates to a tax credit, is automatic for all legal homeowners in Mississippi.
However, individuals who either purchased a home in 2014, experienced a change in marital status or suffered the loss of a spouse within the last calendar year need to reapply with the DeSoto County Tax Assessor’s Office.
Those who are age 65 or older and individuals who have been awarded 100 percent disability can apply for additional exemptions.
Those exemptions could allow an individual to be completely exempt on the first $75,000 of the home’s appraised value.
For the rest of homeowners in DeSoto County, they really don’t have to do anything to qualify for the standard homestead exemption.
“It’s (homestead exemption) automatic if you still live in the same home and there have been no changes,” Pickle said. “Homestead will automatically renew.”
Pickle said residents who are unfamiliar with homestead exemption often come into the Property Assessor’s Office with questions.
“Starting January of 2015, if you are a 100 percent disabled American veteran, you have zero property tax but you must be able to present your DAV (Disabled American Veteran) letter,” Pickle said.
Those having questions about homestead exemption should call the DeSoto County Property Tax Assessor’s Office at 662-469-8029.
Pickle said property owners may also stop by the DeSoto County Administrative Building, Suite 100, at the corner of Losher and Caffey streets in Hernando.
Robert Lee Long: email@example.com or at 662-429-6397, Ext. 252