MS HB1515

Allows joint tenants, tenants in common, or coparceners who inherited property and paid ad valorem taxes for two consecutive years to petition chancery court for sole or greater ownership interest in the property.

Grants chancery court discretion to award a greater ownership interest than requested in the petition, with requirement to document the reasoning in the court record.

Adds new provision to Section 27-10-11 allowing fiduciary or person responsible for taxes to withhold distribution of real property from co-owners who have not paid their attributable share of taxes.

Brings forward Section 27-10-9 procedures for determining tax apportionment, including chancery court authority to adjust apportionment of interest, penalties, and expenses when circumstances warrant equitable treatment.

Effective date is July 1, 2020.