New law could aid in sale of tax-forfeited land
Secretary of State Delbert Hosemann says a new Mississippi law could help officials sell more land that has been surrendered because taxes weren’t paid.
The law says that as the secretary of state determines the selling price for tax-forfeited land, he may take into account the cost of cleaning the property and removing debris or dilapidated buildings.
Hosemann says his office is working with local officials and real estate agents to market about 8,500 pieces of tax-forfeited land statewide. He says the ability to adjust the sale price to reflect the buyers’ cleanup costs could make the properties more attractive investments. He says the goal is to put more land back on local tax rolls.
AP
4/17/12
Magnolia Tribune
