Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 33 - AD VALOREM TAXES-HOMESTEAD EXEMPTIONS (§§ 27-33-1 — 27-33-501) › Article 1 - GENERAL PROVISIONS (§§ 27-33-1 — 27-33-79) › Section 27-33-21 - Exclusions from definition of home and from homestead exemption

There is excluded from the definition of a home and from homestead exemption the property enumerated in this section.
(a)
Any building and land on which it is located, any part of which is used or intended to be used, by the owner or by anyone else, for business purposes; or from which revenue is derived or intended to be derived, except as permitted in paragraphs (f), (g), (h) and (t) of Section
27-33-19
of this article; or which is rented or is available for rent, for business purposes; or any building and the land on which it is located used as a hotel, tourist court, apartment building except as provided in paragraph (e) of Section
27-33-19
of this article; or a dwelling whereof more than six (6) rooms are rented; and where there is one (1) apartment and rented rooms the apartment shall be counted as three (3) rooms; less than three (3) rooms rented and used for housekeeping shall be counted as rented rooms. A proportionate share of agricultural products, produced on the land, received for the use of the land and a tenant house, where the use of the tenant house is merely incidental to the use of the land (where no money is paid and no consideration is paid other than a proportionate share of agricultural products produced on the land), shall not be considered as rent or income from the property so as to exclude it from the definition of a home.
(b)
Any buildings or structures and the land on which located used as gins, sawmills, stores, gasoline stations, repair shops, and the like; and any buildings and the land on which located used for the conduct of any business or private manufacture or processing, all whether used in connection with farming operations or not.
(c)
Any dwelling house and the land on which it is located, or other land, which is owned by any person or family group to whom an exemption has been allowed on another home in this state except in cases defined in paragraphs (c) and (d) of Section
27-33-13
; or any dwelling and the land on which it is located in which any person or family group owns a joint estate, an estate in common, a life estate or other estate defined in paragraph (a) of Section
27-33-17
of this article to whom an exemption has been allowed on another home in this state to the extent of such person's interest; provided, this exclusion shall not apply in the case of husband, or wife, allowed an exemption on the home owned and occupied by them, and when either is a part owner, either as a joint tenant or tenant in common, of another home which is occupied by father, mother, brother, or sister as a bona fide home, eligible for exemption under paragraph (a) of Section
27-33-19
of this article.
(d)
Any dwelling house and the land on which it is located, or other land, which is not held under eligible title of ownership, but is being occupied under an agreement to buy, or under a conveyance or contract of conditional sale, or purchase or any similar contract, except as permitted by paragraph (i) of Section
27-33-19
of this article.
(e)
Any jointly owned land or jointly owned dwelling combined with individually owned land on which exemption has been claimed and allowed, except as provided in paragraphs (a) and (c) of Section
27-33-19
of this article; and no homestead shall consist of individually owned lands combined with lands held for life.
(f)
Any dwelling and the land on which it is located acquired, other than by a bona fide gift or by inheritance, since July 1, 1938, for which one-fourth (1/4) of the full purchase price has not been actually paid by the purchaser, unless the deed or instrument by which title is acquired provides, bona fide, for annual payment of interest at the normal rate, and for substantial and regular payments on the principal debt at intervals of one (1) year or less.
(g)
Any building of any kind and the land on which it is located, whether inside or outside a municipality, if any part thereof is rented out or held available to be rented out, except as provided in Section
27-33-19
, paragraphs (e) and (f), and except rental of farm property for a proportionate share of the crop.
(h)
Any land, whether inside or outside a municipality unless it is situated and described as provided in Sections
27-33-23
and
27-33-25
of this article.
Codes, 1942, § 9724; Laws, 1940, ch. 127; Laws, 1942, ch. 189; Laws, 1946, ch. 261, § 10; Laws, 1950, ch. 266; Laws, 1984, ch. 453, § 11; Laws, 1991, ch. 602, § 2; Laws, 2004, ch. 504, § 2, eff. 1/1/2005.