Property Ownership
A Mississippi property owner who cannot afford to pay their property taxes but whose taxes are being paid by a stranger who expects repayment should know that under Mississippi law, the stranger may eventually:
AReceive a gift from the state for their generosity
BObtain a tax sale certificate and potentially claim the property if taxes remain unpaid for the statutory redemption period✓ Correct
CSue the original owner for reimbursement only
DBe required to donate the payments to the county
Explanation
When property taxes are paid at a tax sale by a third party, that party receives a tax sale certificate. If the original owner does not redeem the property within Mississippi's statutory redemption period (generally 2 years), the tax sale certificate holder may pursue a tax deed and ultimately ownership of the property. Property owners must be vigilant about tax obligations.
Related Mississippi Property Ownership Questions
- Mississippi law recognizes 'tenancy by the entirety' as a form of co-ownership available exclusively to:
- A Mississippi commercial building owner grants a tenant a 'right to renew' their lease at a stated rental rate. This right is an example of:
- In Mississippi, real property ownership by a corporation requires that the corporation:
- In Mississippi, a 'deed in lieu of foreclosure' occurs when:
- In Mississippi, the homestead exemption from judgment creditors protects the homestead from forced sale up to:
- A 'profit à prendre' in Mississippi real estate gives the holder the right to:
- A Mississippi property owner grants a 'license' (not an easement) to a neighbor to use a private road. A license differs from an easement in that a license:
- A Mississippi property is purchased subject to unpaid real property taxes. The buyer should be aware that property tax liens in Mississippi:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →