April 1st of each year is the deadline for filing homestead.

To apply you will need the following: Recorded Warranty Deed to property or other recorded document proving ownership to the property. Social security numbers of applicant, spouse, and all joint owners. Cost of home and land.

If a change in the homestead or the applicant’s status occurred since January 1 of the previous year, a new application must be filed between January 1 and April 1.

Homeowners may also be eligible for the Mississippi homestead exemption. This exempts the first $7,500 in assessed value from taxation, up to a maximum of $300 off your tax bill. Seniors who are 65 or older receive a full exemption on the first $7,500 of their property’s assessed value.

There does exist limits on how many acres can qualify (160 acres) and the total amount of assessed value ($7,500 assessed value). In rare cases, a parcel of property that is classified as all Class II may qualify for homestead exemption.

Personal property renditions (aka, personal property returns) require you to take a detailed inventory of your assets — everything from laptops and lamps to heavy machinery — across every location. Deadline for submitting is April 1st.

After a lien has been sold, the owner of the property has two years from the purchase date to pay the taxes plus the interest (1.5% per month) accrued up to that date through the Chancery Clerk’s office.

Taxes for Mississippi property are due on or before February 1 for property assessed the preceding year. If February 1 falls on a weekend, taxes can be paid the subsequent Monday without penalties or interest.

Mississippi requires full- or part-time residents to file a state return here if they have adjusted gross income above $8,300 (single or married filed separately) or $16,600 (married, filed jointly).

You report the taxable portion of your social security benefits on line 6b of Form 1040 or Form 1040-SR. Your benefits may be taxable if the total of (1) one-half of your benefits, plus (2) all of your other income, including tax-exempt interest, is greater than the base amount for your filing status.