Homestead, personal property exemptions deadline is April 1

RIPLEY — The Tippah County Tax Assessor’s office is now accepting applications for homestead exemptions and personal property renditions for the 2009 landroll. If you are a new home owner, turned 65, have become disabled, divorced, widowed, remarried, moved residence, or have had any type of deed change in 2008, you need to come by the Tax Assessor’s office and file a new application by Wednesday, April 1, 2009. Also, anyone who owns a business needs to file their personal property rendition by April 1 to avoid a 10 per cent penalty which is added to the tax statement if not received before the deadline. If you have any questions, contact the Tax Assessor’s office at 837-9956. Homestead exemptions are tax breaks which can save applicants hundreds of dollars. The exemption applies to single family owner-occupied dwellings. In some cases, joint owners could receive a partial exemption. Those who received the exemption in 2008 and who have not had a change of residence or status don’t need to seek a new exemption, according to Tippah County Tax Assessor Rhonda Reno. Those filing for the first time should bring Social Security numbers for themselves and spouses, Mississippi vehicle license plate numbers, and copy of deed. The exemption gives a 10 percent assessment on the value of a home. That’s a one-third reduction from the 15 percent assessment placed on most other real property, the tax assessor said. Additionally, up to $300 can be taken off the top of a qualifying homeowner’s tax bill. Qualifying homeowners who have turned 65 or who are certified as disabled pay no property taxes on the first $75,000 value of their home. Failing to apply for the exemption by April 1 eliminates access to the exemption until the following year.

Hank Wiesner/Southern Sentinel