JACKSON — Secretary of State Delbert Hosemann is partnering with licensed real estate brokers in Mississippi to actively market tax-forfeited properties in the State.
“If you want property sold in Mississippi, you sell through a licensed Realtor,” says Hosemann. “The growing number of tax-forfeited properties in our state is an epidemic, and I can think of no one better than a licensed Mississippi Realtor to help us get these properties back into productive use.”
Currently, the Secretary of State’s Office holds over $66.2 million worth of property forfeited to the state for non-payment of ad valorem taxes. To accelerate the sale of these lands back in the hands of taxpayers, any licensed real estate broker in Mississippi may bid on marketing tax-forfeited lands in a particular county for an increased commission rate.
“Tax-forfeited lands are a drain on the community,” added Hosemann. “Placing these lands back in private ownership will generate more revenue for our cities and counties, while cleaning up potential eyesores. Realtors will be able to assist our agency in expediting the process.’