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Mississippi Tax Lien Sales - (MS)

Written by: Kevin Zimmerman



The state of Mississippi is considered to be an excellent state for investing in tax lien certificates because of its extremely favorable interest rate.

An Overview of Mississippi Tax Lien Sales

The interest rate for Mississippi tax sales is 18% per year, which breaks down to 1.5% per month. The redemption period for Mississippi tax lien sales is 2 years. Mississippi tax lien auctions are held in their respective counties on the last Monday in August.

Mississippi also holds tax lien sales through an over the counter process of its own design.

Mississippi Tax Sales Bidding Process

All tax sales held in Mississippi are held via a competitive bidding process which uses an overbid system. The overbid amount is not subject to reimbursement and it is also not eligible to earn interest.

Mississippi's interest rate makes it a really good state for tax lien sales, plus its limited competition makes it even more attractive for investors.

 

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