Quick answerMississippi sells tax lien certificates for unpaid property taxes. Lien buyers can earn 1.5% per month (18% per year) on the taxes and costs for which the land was sold, plus 5% damages on the amount of taxes (Miss. Code Ann. § 27-45-3); interest is NOT earned on any overbid amount. Redemption: 2 years from the date of sale (§ 27-45-3); if unredeemed and the sale matures after Chancery Clerk notice, the purchaser may apply to the Chancery Clerk for a tax deed Sales: County sales on the last Monday in August annually (municipal sales may be held the first Monday in April); sales commonly run several days until all parcels are offered Governing law: Mississippi Code Annotated, §§ 27-41-49 to 27-41-89 (sale; § 27-41-59 timing) and § 27-45-3 (redemption), § 27-45-27 (purchaser's lien).