Homeowners 65 and older in DeSoto County, Mississippi, can file for the senior homestead exemption from Jan. 4 to April 1, 2027. The exemption removes the first $75,000 of a home’s “true value” from property tax. True value is the figure Mississippi counties start from when they work out a tax bill.
It is a term of art, and it is not the number on a real estate listing. Mississippi law defines true value to include market value and cash value, but the state’s extension service says the two are not the same thing…