Homestead exemption; increase.

SB 2826 increases Mississippi's homestead property tax exemption from $7,500 to $20,000 of a home's assessed value. It directly affects qualifying homeowners, including heads of families, seniors aged 65+, disabled veterans, and those with Social Security disabilities. The bill modifies existing tax law (Mississippi Code Sections 27-33-3 and 27-33-75) to expand the value exempt from property taxes while maintaining current eligibility criteria. This change reduces property tax burdens for qualifying homeowners on their primary residences.