The heirs property act arrived in 2020
Heirs' property is land that passed by intestate succession into a tenancy in common, owned by everyone in the bloodline and recorded by nobody. Historically any cotenant could file for partition and force a sale of the whole tract, and buyers of a fractional interest used that to reach land no family would have sold. Black farm families in the Delta and the hill counties lost ground that way for generations. Mississippi enacted the Uniform Partition of Heirs Property Act by Senate Bill 2553 in 2020, effective July 1 and applying to actions filed after that date. It requires notice posted on the property, a valuation before sale, and a buyout right for the other cotenants.
Sixteenth section land is leased, never sold
Section sixteen of each township was reserved for the support of township schools, and Mississippi never let those sections go. Article 8, Section 211 of the 1890 Constitution forbids their sale and limits leases to ten years for lands outside municipalities and ninety-nine years inside them; Miss. Code § 29-3-1 sets out how school boards classify and lease them, with the Secretary of State's office supervising. What changes hands on sixteenth section ground is therefore a leasehold, not the fee. That has real consequences: the term runs out, renewal is not automatic, rent must reflect fair market value, and financing is harder. If your parcel is sixteenth section or lieu land, know it before you agree to a price.
Delta row crop and piney woods timber
The Yazoo-Mississippi Delta, the alluvial plain in the northwest of the state, is row-crop country — soybeans, corn, cotton, rice, catfish ponds — and its value per acre turns on soil class, drainage, and whether the tract has an irrigation well. Those wells draw on the Mississippi River Valley alluvial aquifer, which is declining in parts of the Delta, and withdrawals are permitted through the Mississippi Department of Environmental Quality's Office of Land and Water Resources. The rest of the state is mostly forest, and there the question is stand age, species, and haul distance to a mill. The two markets have different buyers, different comparable sales, and different reasons a tract sits unsold.
Agricultural land is taxed on its use
In Mississippi the agricultural assessment follows the land's use rather than an election the owner files. Miss. Code § 27-35-50 directs that land used for agricultural purposes be appraised according to that use as of January 1 each year, regardless of its location, using the soil types, productivity and other criteria in the Department of Revenue's land appraisal manuals; the statute specifies an income capitalization approach with a capitalization rate of not less than ten percent and a moving average of not more than ten years. Agricultural purposes include timber production and livestock, not only crops. A change in use changes the appraisal going forward rather than triggering a recapture of earlier years.