From staff and press reports
Delbert Hosemann, Mississippi’s Secretary of State recently transferred a portion of tax-forfeited land to the City of Louisville to help promote economic development in the area. “Getting lands back on city and county tax rolls is always in the best interest of the State,” said Hosemann. “We actively pursue getting tax forfeited lands back to local or private ownership—which is in the best interest of our citizens.”
The Secretary of State’s office transferred a sixty-foot strip of a twenty-seven acre tax forfeited parcel to the city. The parcel was valued at $16,819.
Louisville Mayor Will Hill received the property from Hosemann and outlined the need for the property.
“Upon surveys completed for the purpose of expanding our community Railroad Transload Facility in Louisville, we discovered tax forfeited property held by the State of Mississippi that would be critical to our expansion.” said Mayor Hill. “The purpose for the expansion is to extend our current rail spur to provide access to a new and expanding business in Louisville.”
The railcar repair company aiming to locate in Louisville would see the benefits of the Transload expansion and Mayor Hill and other city leaders were glad to receive Hosemann’s help.
“We, the City of Louisville, immediately contacted the Secretary of State’s Office for assistance in this economic development project. I would like to thank the Secretary of State and his staff for their very prompt follow-up and providing Louisville, the assistance needed to move this job creating project forward.”
Hosemann noted his office was glad to help in the endeavor.
“The State of Mississippi owns millions of dollars worth of tax forfeited property which is not generating any revenue or being put to good use,” says Hosemann.”Transferring this property to the City of Louisville will promote economic development in that area and help create jobs for Mississippians.”
Hosemann and Hill also discussed the ongoing cleanup at the former creosote site with hopes that the property will be cleaned fairly soon and moved to city ownership from the state.
Hosemann added that since the secretary of state’s office was in charge of any real property owned by the state he and his staff are constantly seeking ways to return the property to use either by selling it or providing it to city or county governments. He added that the state currently holds over $38-Million worth of property forfeited to the State for non-payment of ad valorem taxes. His office has recently help sell over 80 properties in Greenville and had transferred three other properties to county or city governments.
“The goal of the Secretary of State’s Office is to work with local governments to determine which properties may be marketed for private ownership, and which properties could be transferred to local governments for public use. Returning these lands to private ownership puts them back on the local tax rolls, generating much needed revenue for our local governments,” stated Hosemann.