Bidding on 360 parcels of tax-forfeited property will begin tomorrow, city and state officials said today.
The Mississippi Secretary of State holds properties when owners fail to pay ad valorem property taxes, which provides funding to city and county governments as well as local schools. Of the approximately $75 million in forfeited land the SOS holds, almost $15 million of it lies with in Hinds County, according to a Jackson city press release.
“Our goal is to get this property back on the tax rolls to benefit the capital city and the State of Mississippi,” said Secretary of State Delbert Hosemann through a news release. “By partnering with the City of Jackson, we are taking an aggressive step to return these dilapidated and abandoned properties to productive use.”
The available properties will be advertised for public bidding beginning, Thursday, Aug. 27 on the Secretary of State's website: http://www.sos.ms.gov/PublicLands/Jackson">http://www.sos.ms.gov/PublicLands/Jackson.
Shortly after taking office last year, Mayor Tony Yarber's administration tackled problem properties.
"Our Community Improvement Division has made great strides over the past year ridding areas of dilapidated structures that mar our neighborhoods. Now, this auction will give citizens the opportunity to purchase property and play a vital role in Jackson's revitalization," Yarber said in the press release.