Mississippi (MS) Tax Lien Sales
| Sale Type: | Tax Lien |
| Interest Rate: | 18% APR |
| Bid Method: | Highest Bidder |
| Redemption Period: | 2 Years |
| Sale Date(s): | April and August |
| State Statute(s): | Title 27 |
| Over-the-Counter: | Yes |
| State Website: | http://www.mississippi.gov/ |
Mississippi State Overview
In Mississippi, county treasurer's and tax collector's sell tax lien certificates to the winning bidder at the delinquent property tax sales.
- Tax Sale Type: Tax Lien Certificate. (Sec. 27-41-55).
- Contact: Tax Colector. (Sec. 27-41-47).
- Interest Rate and/or Penalty Rate: 18% per annum and 5% penalty. (Sec. 27-45-3).
- Bid Procedure: Premium bid / highest bid. (Sec. 27-41-59).
- Redemption Period: Two (2) years. (Sec. 27-45-3).
- Law: Mississippi Code, Title 27, Chapter 41, "Ad Valorem Taxes -- Collection", Chapter 45, "Ad Valorem Taxes -- Redemption of Land Sold for Taxes," and Chapter 47, "Ad Valorem Taxes -- Assignment of Tax Liens."
- Important. According to (Sec. 27-41-77) the overbid does not draw interest. Furthermore, the overbid will not be returned upon redemption and "shall be credited to the county general fund".
