ARE YOU AT RISK OF LOSING YOUR HOME TO A TAX LIEN?
Why Being Late on Your Property Tax in Mississippi Is a Problem?
- Penalties and interest
If you don’t pay your property taxes on time in Mississippi, you’ll face extra charges like penalties and interest. These charges can add up quickly, making it harder to catch up with your payments.
- Tax liens
In Mississippi, if you don’t pay your property taxes for a set time, the local government can put a tax lien on your property. This tax lien is a legal claim, and it allows the government to sell your property at an auction. They do this to get the money you owe, along with any added fees and interest. If this happens, you could lose the property you care about, even if it’s your home.
- Credit score impact
In Mississippi, paying your property tax late can hurt your credit score. Missed payments may be reported and can stay on your credit report for up to seven years, making it harder to get loans or credit later on.
- Legal action
If you fail to address your outstanding property tax obligations, the Mississippi local government body in charge of property taxation may pursue legal actions against you. These actions can encompass wage garnishment, bank account levies, or even foreclosure on your property.
At Magnolia Tax Care, we help Mississippi Homeowners who are behind in their property taxes.
If you are interested in getting help, please fill out the form below or give us a call at: 601-460-0469