States › Mississippi
In Mississippi, county treasurer's and tax collector's sell tax lien certificates to the winning bidder at the delinquent property tax sale.
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."
Additional Notes:
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".
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