Redemption
24 mo
Max interest
1.5%
You buy a tax lien, not the house. The owner has 2 years from the sale to pay you back. You earn 1.5% interest a month. You win with the highest bid. Sales are held once a year, typically in April and August.
Sale type
Miss. Code Ann. § 27-45-27(1)
https://codes.findlaw.com/ms/title-27-taxation-and-finance/ms-code-sect-27-45-27/“shall be a lien on the land in favor of the purchaser and the holder of the legal title under him, by descent or purchase”
Redemption
Miss. Code Ann. § 27-45-3; Miss. SOS rules
https://www.sos.ms.gov/sites/default/files/public-lands/00000176c.pdf“the property is not redeemed during the subsequent two year period, referred to as "the period of redemption."”
Interest
Miss. Code Ann. § 27-45-3
https://codes.findlaw.com/ms/title-27-taxation-and-finance/ms-code-sect-27-45-3/“five percent (5%) damages on the amount of taxes for which the land was sold, and interest on all such taxes and costs at the rate of one and one-half percent (1- 1 / 2 %) per month”
Bid method
Miss. Code Ann. ch. 27; Miss. SOS Tax Forfeited Lands rules
https://www.sos.ms.gov/sites/default/files/public-lands/00000176c.pdf“sold at public sale to the highest bidder for payment of taxes due and unpaid, together with all fees, penalties and damages provided by law.”
Sale timing
Miss. Code Ann. ch. 27; Miss. SOS Tax Forfeited Lands rules
https://www.sos.ms.gov/sites/default/files/public-lands/00000176c.pdf“These "tax sales" occur annually in each county, beginning on the last Monday of August, and, at the option of the tax collector (infrequently exercised), on the first Monday of April.”
Official SOS page; interest per Miss. Code 27-45-3 (no free official code host). | Prose: lien | 5% damages + 1.5%/month on taxes and costs | 2 years | public sale to highest bidder | beginning last Monday of August (first Monday of April optional)
Official SOS page; interest per Miss. Code 27-45-3 (no free official code host).
| County | FIPS | Platform | Health |
|---|---|---|---|
| Adams County | 28001 | — | not_started |
| Alcorn County | 28003 | — | not_started |
| Amite County | 28005 | — | not_started |
| Attala County | 28007 | — | not_started |
| Benton County | 28009 | — | not_started |
| Bolivar County | 28011 | — | not_started |
| Calhoun County | 28013 | — | not_started |
| Carroll County | 28015 | — | not_started |
| Chickasaw County | 28017 | — | not_started |
| Choctaw County | 28019 | — | not_started |
| Claiborne County | 28021 | — | not_started |
| Clarke County | 28023 | — | not_started |
| Clay County | 28025 | — | not_started |
| Coahoma County | 28027 | — | not_started |
| Copiah County | 28029 | — | not_started |
| Covington County | 28031 | — | not_started |
| DeSoto County | 28033 | — | not_started |
| Forrest County | 28035 | — | not_started |
| Franklin County | 28037 | — | not_started |
| George County | 28039 | — | not_started |
| Greene County | 28041 | — | not_started |
| Grenada County | 28043 | — | not_started |
| Hancock County | 28045 | — | not_started |
| Harrison County | 28047 | — | not_started |
| Hinds County | 28049 | — | not_started |
| Holmes County | 28051 | — | not_started |
| Humphreys County | 28053 | — | not_started |
| Issaquena County | 28055 | — | not_started |
| Itawamba County | 28057 | — | not_started |
| Jackson County | 28059 | — | not_started |
| Jasper County | 28061 | — | not_started |
| Jefferson County | 28063 | — | not_started |
| Jefferson Davis County | 28065 | — | not_started |
| Jones County | 28067 | — | not_started |
| Kemper County | 28069 | — | not_started |
| Lafayette County | 28071 | — | not_started |
| Lamar County | 28073 | — | not_started |
| Lauderdale County | 28075 | — | not_started |
| Lawrence County | 28077 | — | not_started |
| Leake County | 28079 | — | not_started |
| Lee County | 28081 | — | not_started |
| Leflore County | 28083 | — | not_started |
| Lincoln County | 28085 | — | not_started |
| Lowndes County | 28087 | — | not_started |
| Madison County | 28089 | — | not_started |
| Marion County | 28091 | — | not_started |
| Marshall County | 28093 | — | not_started |
| Monroe County | 28095 | — | not_started |
| Montgomery County | 28097 | — | not_started |
| Neshoba County | 28099 | — | not_started |
| Newton County | 28101 | — | not_started |
| Noxubee County | 28103 | — | not_started |
| Oktibbeha County | 28105 | — | not_started |
| Panola County | 28107 | — | not_started |
| Pearl River County | 28109 | — | not_started |
| Perry County | 28111 | — | not_started |
| Pike County | 28113 | — | not_started |
| Pontotoc County | 28115 | — | not_started |
| Prentiss County | 28117 | — | not_started |
| Quitman County | 28119 | — | not_started |
| Rankin County | 28121 | — | not_started |
| Scott County | 28123 | — | not_started |
| Sharkey County | 28125 | — | not_started |
| Simpson County | 28127 | — | not_started |
| Smith County | 28129 | — | not_started |
| Stone County | 28131 | — | not_started |
| Sunflower County | 28133 | — | not_started |
| Tallahatchie County | 28135 | — | not_started |
| Tate County | 28137 | — | not_started |
| Tippah County | 28139 | — | not_started |
| Tishomingo County | 28141 | — | not_started |
| Tunica County | 28143 | — | not_started |
| Union County | 28145 | — | not_started |
| Walthall County | 28147 | — | not_started |
| Warren County | 28149 | — | not_started |
| Washington County | 28151 | — | not_started |
| Wayne County | 28153 | — | not_started |
| Webster County | 28155 | — | not_started |
| Wilkinson County | 28157 | — | not_started |
| Winston County | 28159 | — | not_started |
| Yalobusha County | 28161 | — | not_started |
| Yazoo County | 28163 | — | not_started |