Mississippi Application for Tax Exemption Under 27-31-51
What this document covers
The Application for Tax Exemption Under 27-31-51 is a formal request submitted to the Mayor and Board of Aldermen to obtain an exemption from paying ad valorem taxes for a period of ten years. This application is distinct from other tax forms as it specifically targets exemptions for certain properties or entities, requiring approval from both local officials and the Mississippi State Tax Commission to take effect.
What’s included in this form
- Applicant information, including name and contact details.
- Specifics about the property or entity for which the exemption is requested.
- Duration of the requested tax exemption, not exceeding ten years.
- Signature of the applicant and date of submission.
- Sections for official approval from the Mayor and the Mississippi State Tax Commission.
Common use cases
This form is necessary when an individual or business seeks to be exempt from ad valorem taxes for a specific property or purpose. Common scenarios include starting a new business, improving an existing property, or qualifying for government incentives aimed at attracting investment to a certain area.
Who this form is for
- Property owners looking for tax relief.
- Business owners seeking to exempt their operational premises from ad valorem taxes.
- Organizations that meet specific criteria for tax exemptions under Mississippi law.
Steps to complete this form
- Identify and fill in the applicant's information accurately.
- Describe the property or entity for which the exemption is sought.
- Clearly state the duration of the exemption, ensuring it does not exceed ten years.
- Sign and date the application to certify its authenticity.
- Submit the completed form to the Mayor's office and retain a copy for your records.
Notarization requirements for this form
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to provide complete applicant information.
- Not clearly specifying the property or entity seeking exemption.
- Leaving sections unsigned or undated.
- Submitting the form without verifying local or state-specific requirements.
Benefits of using this form online
- Convenience of downloading and completing the form at your own pace.
- Access to templates drafted by licensed attorneys to ensure compliance.
- Easy editability, allowing you to make changes as needed before submitting.
- Secure access to your documents from any device with internet connectivity.
Looking for another form?
Form popularity
FAQ
Persons who are 65 years of age and older or who are disabled, upon application and proof of eligibility, are exempt from all ad valorem taxes up to $7,500.00 of assessed value.
Application Requirements A copy of your recorded Warranty Deed. Your Mississippi car and/or truck tag numbers. Social Security Numbers for You and Your Spouse if You Are Married. Birth dates for you and your spouse or all parties applying for homestead.
How do you register for a sales tax permit in Mississippi? Business owners can register online at Mississippi's TAP website. Mississippi encourages online sellers to register and file sales tax online.
The state of Mississippi issues just one exemption form, to be utilized when purchasing exempt items such as items intended for resale. The state is one of the few states to only offer one exemption form.
Since the Mississippi Department of Revenue doesn't provide resale certificates, a vendor who regularly works with resellers might put together a form that serves the same purposes. Essentially, you'll have a form to collect the buyer's name, address, and permit number.
Applications for homestead exemption must be filed between January 1 and April 1. Who is eligible for homestead exemption? Anyone owning a home in Mississippi may be eligible for homestead exemption. Contact your local Tax Assessor for further details.
The answer is simple no. In Mississippi, paying the property taxes on someone else's land does not affect ownership in any manner. You simply cannot obtain title to someone's land by paying their taxes for them.
Sales of property, labor or services sold to, billed directly to, and payment is made directly by the United States Government, the state of Mississippi and its departments, institutions, counties and municipalities or departments or school districts of its counties and municipalities are exempt from sales tax.
Persons who are 65 years of age and older or who are disabled, upon application and proof of eligibility, are exempt from all ad valorem taxes up to $7,500.00 of assessed value.
