JACKSON, Miss. (AP) - Mississippi homeowners older than 65 could get a break on their property taxes under a proposal some lawmakers are pushing.
The House Ways and Means Committee Tuesday approved House Bill 216 (http://bit.ly/1EKr4FR), which would freeze assessed values of senior citizen-owned homes unless they are renovated. Taxes could still rise if local governments raise tax rates.
Rep. Manly Barton, a Moss Point Republican, says the bill would keep seniors on fixed incomes from being taxed out of their homes.
County supervisors are opposing the measure, saying it will deprive counties of needed tax money, or shift tax burdens onto others.
There's no estimate of how much the bill would cost. Ways and Means Committee Chairman Jeff Smith, a Columbus Republican, pledged to get an estimate before the House considers the measure.
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2/17/2015 11:52:44 AM (GMT -6:00)