Land Tax Sales In Mississippi

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Land tax sales in mississippi.

At the tax sale the taxes are auctioned by competitive bid using an overbid system. Public notice before the tax sale in mississippi. The successful bidder will pay the taxes due for the property. Regulations for motor vehicles and titles.

How to redeem the property after a tax sale. Assessment ratios are 10 15 and 30. Property tax regulations property tax law. In some districts the notice must be posted on the courthouse door.

Ad valorem taxes general exemptions title 27 chapter 31 mississippi code annotated 27 31 1. Search land for sale in mississippi. How mississippi tax sales work. Mississippi secretary of state michael watson.

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. Tax forfeited lands are held by the public lands division for sale. In mississippi homeowners who lose their property to a tax. That payment of taxes becomes a lien on the property in favor of the buyer.

At the sale the winning bidder buys the tax debt and gets a lien on the property. These lands represent properties that have been forfeited to the state of mississippi for non payment of ad valorem taxes. Ad valorem tax miss. 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.

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. The following may be found at mississippi code at lexis publishing. Mississippi tax sale overview tax sales.

In mississippi a tax sale will eventually take place if you don t pay the property taxes on your home. Alcorn county tax collector 600 waldron st corinth ms 38834 phone 662 286 7750 fax 662 286 5713. Regulations for property tax.