How To Buy Tax Forfeited Land In Mississippi?

  1. Tax-Forfeited lands are held by the Public Lands Division for sale.
  2. For assistance or information, call 601-359-5156 or toll-free (in-state) at 1-866-TF-LANDS (1-866-835-2637).​​
  • Contact the Land Commissioner’s Office in the county where you would like to purchase land. Ask when upcoming tax-forfeited land auctions will occur. Request that the Land Commissioner’s Office place you on its mailing list for updates about land available for sale at tax auctions.

Can someone take your property by paying the taxes in Mississippi?

The answer is simple – – no. In Mississippi, paying the property taxes on someone else’s land does not affect ownership in any manner. You simply cannot obtain title to someone’s land by paying their taxes for them.

How does a tax sale work in Mississippi?

In Mississippi, any overdue property taxes automatically become a lien on your home. At the sale, the winning bidder bids on the property and gets a tax certificate. If you don’t redeem the property by paying off the tax debt, the purchaser from the auction can eventually get a tax deed (title) to your home.

Is Mississippi a tax lien or tax deed state?

A tax lien recorded on the State Tax Lien Registry covers all property in Mississippi. To avoid having a tax lien filed against your property, send the Department of Revenue full payment before the due date as set forth in your Assessment Notice.

How long can property taxes go unpaid in Mississippi?

After a lien has been sold, the owner of the property has two years from the purchase date to pay the taxes plus the interest (1.5% per month) accrued up to that date through the Chancery Clerk’s office. Property owners are required to pay their delinquent taxes (oldest first) prior to paying their current year taxes.

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How can I own land and not pay taxes?

You can own your land tax-free if you qualify as a disabled person under federal or state regulations. You must claim homestead exemption on the home you live in and it must be your permanent residence.

How do tax deed auctions work?

In a tax deed sale, the property itself is sold. The sale takes place through an auction, with a minimum bid of the amount of back taxes owed plus interest, as well as costs associated with selling the property. The highest bidder wins the property.

Can someone take your property by paying the taxes?

Paying someone’s taxes does not give you claim or ownership interest in a property, unless it’s through a tax deed sale. This means that paying taxes on a property you’re interested in buying won’t do you any good.

How long do you have to pay land taxes in Mississippi?

Mississippi Property Tax Rules Property taxes in Mississippi are due by February 1st of each year. Taxes are based on rates and assessed property values determined during the preceding year. For owner-occupied residential properties the assessed value is equal to 10% of market value (also called true value).

What is a tax deed in Mississippi?

The Tax Deed When a property owner does not redeem their property within the statutory redemption period ( a 3% occurence rate ), a tax deed will be available to the tax lien buyer. The tax deed conveys an ownership interest to the tax lien buyer.

Who is exempt from paying property taxes in Mississippi?

Regular Homestead Exemption (homeowners under 65) Homeowners who are younger than 65 on January 1 of the year for which the exemption is claimed (and who are not totally disabled) are exempt from ad valorem taxes in the amount prescribed in MS Code § 27-33-7.

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How do I get a tax deed?

Tax deed sales are public auctions, similar to a foreclosure auction that allows parties to bid on the property either in person or online. The county or city sets a minimum bid, which is typically the unpaid tax amount with any fees or interest to this point, and the property is sold to the highest bidder.

What is homestead exemption in Mississippi?

Under Mississippi law, families have the right to keep a certain portion of their homestead exempt from creditors. Specifically, the law exempts 160 acres or $75,000 in equity, whichever is lower, from the reach of creditors.

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