If you don’t pay your Mississippi property taxes, state law allows the county treasurer to collect the delinquent amount by selling the debt in a tax lien sale. After a tax lien sale happens, if you don’t get caught up on the overdue amounts, the person or entity that bought the debt can eventually get ownership of your home.
Fortunately, you'll have the opportunity to save your home by “redeeming it”—that is, getting current on the past-due taxes, plus interest and various costs.
In Mississippi, a tax sale will eventually take place if you don’t pay the property taxes on your home. At the sale, the winning bidder buys the tax debt and gets a lien on the property. The purchaser receives a receipt along with the right to eventually get ownership of your property if you don’t pay off the debt. (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, most people 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 title to your home. (Miss. Code Ann. § 27-45-3, § 21-33-61). At the end of the redemption period, if you haven’t paid off the overdue amounts, the purchaser can get a tax deed (title) to your home.
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 have to pay the following redemption amount to the chancery clerk, regardless of the amount of the purchaser's bid at the tax sale:
Minors and persons of unsound mind who attain full age or are restored to sanity and want to redeem must also 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).
Even though you’ll get some time to redeem your Mississippi home after a tax sale, in most cases, it's better to take action earlier to try to make your taxes more affordable. For instance, before you fall behind in your taxes, you could: