Mississippi AG Clarifies Tax Exemption Dates for Religious Property Acquisitions

The Mississippi Attorney General’s Office (AG) provided an opinion regarding the effective date of tax exemption under Section 27-31-1(d) and its implications. The opinion addressed when property owned by religious societies becomes exempt from ad valorem taxes. It explained that if a religious society acquires real property on or after Jan. 1, the property is subject to the tax lien for that year, and the exemption would not apply until Jan. 1 of the following year, assuming statutory requirements are met. Similarly, for personal property acquired on or after March 1, the exemption would not apply until March 1 of ...