Homestead Exemption and Property Taxes

Property taxes in Mississippi could be on the rise due to a steady downward spiral in reimbursements from the state to counties for homestead exemption.

The law requires the state to reimburse counties $100 for each homestead exemption application that is approved. However, that has not been happening.

"The fact is that homestead reimbursements have suffered for several years now," said Lauderdale County tax assessor Jimmy Slay.

"Normally, we get about $84.1 million," said Steve Gray of the Mississippi Association of Supervisors. "We were hit; it dropped to down to about $75.1 million. We're looking at $7.9 million for 2010."

This means that counties in Mississippi could be forced to make up the difference by raising taxes.

"It depends on the county and how the county can absorb the hit. Each county is different so you don't just ever know."

As with other counties, exactly what will happen is yet to be seen.

"It all filters down to the taxpayers of Lauderdale County," said Slay. "If the county does not get that reimbursement, that revenue is going to have to be made up some way and that's going to have to be done by increased taxes."

Ultimately it is up to supervisors in each county to decide whether or not property taxes increase.

In recent years, to help counties cope with the lagging reimbursements, officials with the supervisors association say the state has approved bonding for road and bridge projects. This in turn has helped counties generate money.

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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by mm Location: County on May 26, 2010 at 07:17 AM
    Need to focus on the NECESSITIES and not the ACCESSORIES when spending tax dollars. Millions could be saved!!!!
  • by Anonymous on May 26, 2010 at 05:33 AM
    I don't like Jimmy either but his is a thankless job that no one with any sense would want.I do think that we pay enough for what feels like very little in return except the "sideshow" type entertainment of the supervisors meetings and childish carrying on.
  • by ray Location: lauderdale county on May 25, 2010 at 01:21 PM
    Jimmy Slay should be fired!!!!!!!We have the power to do it
  • by fred Location: lauderdale county on May 25, 2010 at 01:19 PM
    The county needs to learn to live within its means.Property taxes are already way to high in lauderdale county. If they keep going up on property taxes people including me are going to leave the county or state we are already working just to pay taxes!
  • by iknowmike on May 25, 2010 at 08:41 AM
    Ever county in MS has 5 supervisors and each is elected from 1/5 the population of that county if their district is drawn up correctly. Their salary is based on the total assessed value of the county. In Lauderdale County's case the salary is $44,700. To reduce the number of supervisors would require a complete redesign of county government.
  • by Big T Location: Meridian on May 25, 2010 at 07:07 AM
    You hit the nail on the head. READ PSALMS 109 V 8&9.
  • by Replace and Save on May 24, 2010 at 05:03 PM
    The County could save tax dollars if the voters would get ride of Jimmy Slay and all the Supervisors .The longer they are in office the more it cost the tax payers.If a new official was elected each term that would save money. Jimmy Slay nor the supervisors are doing their job ( working for the tax payer ).Maybe we could cut back to 3 or 4 Supervisors ,that is what a good business would do to function .Times are hard and everyone is hit ,why not the politician? They could every cute their pay, starting now.
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