Officials find tens of thousands of homestead exemption errors
Published: November 15,2012
JACKSON — The Mississippi Department of Revenue has found mistakes in 36,000 homestead exemption filings.
MDR officials tell The Clarion-Ledger it found cases where people were paying too little, too much or — in most instances — enjoying the tax break a deceased elderly or disabled relative formerly received.
MDR officials credit the discovery of the problems to new computer software employed to determine which Mississippi residents qualify for a homestead exemption tax break.
Under homestead exemption, the state encourages people to own homes by exempting the houses from some property taxes. The state reimburses counties and cities for lost tax revenues from homestead exemption. Those reimbursements, local officials say, have not kept pace with actual losses experienced by cities and counties.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Longtime Biloxi mayor Holloway resigns
- Proposed ammo ban empties shelves
- DAVID DALLAS: Tax slasher productions comes to Mississippi
- (UPDATED — BREAKING NEWS) American Specialty Alloys won’t locate $1.2B mill in Mississippi
- ASA postmortem: industrial recruiting is a constant cycle of death and life
- Status of some bills in the Mississippi Legislature
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Events and Nominations
- Hattiesburg wastewater treatment system could cost $152M