UPDATE: Tax-Forfeited Property Sales in Hancock County Generate More Than $192,000 for Cities, Schools, and the County
By Dwayne Bremer
Nov 3, 2017, 23:45
MS Secretary of State Delbert Hosemann on Thursday presented a $192,154 check from tax-forfeited property auctions to Hancock County Leaders. Pictured from left are: Hancock Tax Assessor/Collector Jimmie Ladner; Hancock County Administrator Eddie Favre; Sen. Philip Moran; Hosemann; and supervisors Greg Shaw and Scotty Adam.
Mississippi Secretary of State Delbert Hosemann on Thursday presented Hancock County leaders with $192,000 of proceeds from an online auction of properties that state had acquired from tax sales in Hancock County over the past few years.
Each year, properties in every county in the state get struck to the state for delinquent taxes.
Over the past few years, the secretary of state's office has been holding auctions for the properties and giving the cash back to the respective counties.
This year's auction was the first for Hancock County in three years.
It included nearly 500 properties in all areas of the county, Hosemann said.
"This is a great thing for Hancock County," Hosemann said. "Not only will it give the county some cash in the short term, but these properties will now be developed and go back on the tax rolls."
Hancock County Administrator Eddie Favre said Thursday that the $192,000 comes at a perfect time.
"This is unexpected and un-budgeted revenue," Favre said. "It puts us in a good position to pay some bills, look at some capital projects, and make up for some shortfalls."
Once the properties are redeveloped the county, cities of Waveland, Bay St. Louis, and Diamondhead, as well as the two school districts, will reap the benefit of additional property tax, officials said.
"Reinvesting in the community by purchasing these properties is another step forward in rebuilding Hancock County," Hosemann said. "This is why we have made it a priority to make it as easy as possible for people who are interested in buying these properties."
In addition to donating the cash for Hancock County, Hosemann also presented the Mississippi Department of Marine Resources with a check for $8.25 million for this year's Tideland's program.
DMR Director Jamie Miller said the money will be used for projects in all three coastal counties.
Supervisors said they were thankful for Hosemann and his office's work on both cash presentations.
"Every dollar for the local community counts," Board of Supervisors President Blaine LaFontaine said. "Just as important, though, is that these properties and projects will improve our community for our residents."