Mississippi § 27-31-33 - Certain leasehold interests belonging to the state or a political subdivision.
Full text of Mississippi Mississippi Code of 1972 Annotated § 27-31-33 — Certain leasehold interests belonging to the state or a political subdivision., with citation guidance and answers to common questions.
§ 27-31-33. Certain leasehold interests belonging to the state or a political subdivision.
All leasehold interests in any property, real or personal, belonging to the State of Mississippi, counties, districts, municipalities or any other political subdivision, which were created prior to July 1, 1984, pursuant to a lease agreement or contract and which had been allowed an ad valorem tax exemption, or treated as exempt from ad valorem taxation, prior to July 1, 1984, shall be exempt from ad valorem taxation unless such leasehold interest is made subject to ad valorem taxation by statute or by the terms of the lease agreement or contract creating such leasehold interest. The exemption granted in this section shall not apply to a leasehold interest in property belonging to the Pearl River Valley Water Supply District. This section shall apply to assessments of real property for ad valorem taxation for the 1984 taxable year and each taxable year thereafter.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 27-31-33
What does Mississippi Code of 1972 Annotated § 27-31-33 cover?
Section 27-31-33 ("Certain leasehold interests belonging to the state or a political subdivision.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 27-31-33?
A common citation format is "Mississippi Code of 1972 Annotated § 27-31-33" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 27-31-33 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.