Mississippi SB2020 requires counties to keep overbid amounts from tax sales and prohibits landowners from requesting recovery of these amounts.
Mississippi SB2020 amends Section 27-41-77 of the Mississippi Code of 1972. It mandates that any excess amount bid for a land sale due to unpaid taxes be retained by the county. This excess is to be transferred to the county's general funds. The bill also prohibits landowners from requesting payment of these overbid amounts. If only part of the land is redeemed, the excess is apportioned based on the taxes due at the time of the sale. The act is set to take effect from July 1, 2026.
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