Navigating Tax Liens and Tax Deeds in Mississippi: A Comprehensive Guide
Posted by Nick Miller on
Mississippi offers unique opportunities for property buyers through its tax lien and tax deed processes. Understanding the difference between these two methods and the steps involved is essential for anyone looking to invest or acquire property due to unpaid taxes.
Understanding Tax Liens vs. Tax Deeds
In Mississippi, when property taxes go unpaid, the county holds a tax sale. Buyers at these sales receive a tax lien certificate, giving them the right to collect the debt plus interest. This is different from some other states where buyers receive a deed immediately.
The Redemption Period
Mississippi law grants the original property owner a two-year redemption period following the tax sale. During this time, the owner can redeem the property by…
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