Land Tax Sales In Mississippi

Mississippi tax sale overview tax sales.

Land tax sales in mississippi. Section 27 31 1 to 27 53 33 all property real and personal is appraised at true value and assessed at a percentage of true value according to its type and use. Alcorn county tax collector 600 waldron st corinth ms 38834 phone 662 286 7750 fax 662 286 5713. Public notice before the tax sale in mississippi. These lands represent properties that have been forfeited to the state of mississippi for non payment of ad valorem taxes.

The following may be found at mississippi code at lexis publishing. Individuals corporations and state agencies may apply to the secretary of state s office for the acquisition of these lands. Business formation services home form a business or file business documents search existing business records non profits commercial registered agents notaries apostilles trademarks order documents uniform commercial code non business forms. Tax forfeited lands are held by the public lands division for sale.

Mississippi tax sales are typically held the last monday in august and are well noticed in local newspapers. Regulations for motor vehicles and titles. The tax collector generally must publish a notice of sale in a newspaper for two weeks. In mississippi homeowners who lose their property to a tax.

How to redeem the property after a tax sale. The purchaser receives a receipt along with the right to eventually get ownership of your property if you don t pay off the. Regulations for property tax. Property tax regulations property tax law.

That payment of taxes becomes a lien on the property in favor of the buyer. How mississippi tax sales work. In mississippi a tax sale will eventually take place if you don t pay the property taxes on your home. At the sale the winning bidder buys the tax debt and gets a lien on the property.

When a property owner fails to pay their real property tax bill in mississippi the county municipality will have a public auction to sell a lien on the property for the overdue amount. Ad valorem taxes general exemptions title 27 chapter 31 mississippi code annotated 27 31 1. Find lots acreage rural lots and more on zillow. Mississippi secretary of state michael watson.

Ad valorem tax miss. At the tax sale the taxes are auctioned by competitive bid using an overbid system. Assessment ratios are 10 15 and 30.