If you don’t pay your Mississippi property taxes, you could eventually lose your home. You will, however, get a lengthy time period (called a “redemption period”) during which you can get caught up on the delinquent amounts before this happens. Because of the long redemption period, it is very rare for a homeowner to actually lose his or her home to a tax sale in Mississippi. Still, you need to be aware of the redemption deadline and make sure you get paid up on time, otherwise you’ll be out of luck.
In Mississippi, a tax sale will eventually take place if you don’t pay the property taxes on your home. The purchaser (who is the high bidder at an auction) receives a receipt along with the right to eventually get ownership of your property if you don’t pay off the debt. Paying off the debt is known as “redeeming” the property. (For more information on the tax sale process in Mississippi, see What Happens If I Don't Pay Property Taxes in Mississippi.)
Under Mississippi law, you generally get a two-year redemption period after the sale. During this time, you can pay off the tax debt and prevent the purchaser from getting your home (Miss. Code Ann. § § 27-45-3, 21-33-61).
Certain homeowners get additional time to redeem. Minors and persons of “unsound mind” who lose their home to the tax sale get the right to redeem for two years after attaining full age or being restored to sanity (Miss. Code Ann. § § 27-45-3, 21-33-61).
To redeem your home after the sale, you must pay the following redemption amount to the chancery clerk (regardless of the amount of the purchaser's bid at the tax sale):
Certain homeowners must also pay for any improvements to the property to redeem. In addition to the redemption amount, minors and persons of unsound mind must pay the value of any permanent improvements that the purchaser made to the property after the expiration of two years from the sale date (Miss. Code Ann. § § 27-45-3, 21-33-61).
Though Mississippi law gives you two years to redeem your home before you lose it to the purchaser from the tax sale, it is probably better to attempt to make your taxes affordable before you fall delinquent. For instance, you could:
To read the statutes that discuss tax sales and the redemption period after a tax sale in Mississippi, go to Titles 21 and 27, § § 21-33-1 through 21-33-91, 27-41-1 through 27-41-89, and 27-45-1 through 27-45-29 of the Mississippi Code.