tax-sale

tax-sale
A sale of land for unpaid taxes; a sale of property, by authority of law, for the collection of a tax assessed upon it, or upon its owner, which remains unpaid.

Black's law dictionary. . 1990.

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  • tax sale — see sale Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. tax sale …   Law dictionary

  • tax sale — UK US noun [C] US LAW, PROPERTY ► a situation in which the government takes and sells the property of people who have not paid tax: »They bought the building very cheaply in a tax sale last year. »The tax sale process is used to collect any debt… …   Financial and business terms

  • tax sale — noun : a sale (as at a public auction) conducted by an officer of the taxing authority of specific property for nonpayment of a tax due from its owner and granting to the purchaser a tax title * * * the sale of real property, as land, usually at… …   Useful english dictionary

  • Tax sale — A tax sale refers to property being sold by a taxing authority or the court to recover delinquent taxes.When property taxes are not paid, title gets transferred to the state. The owner will then have a period of time to redeem the property by… …   Wikipedia

  • Tax Sale — The sale of property that results when a taxpayer reaches a certain point of delinquency in his or her property tax payments. When this happens, the property owner has a right of redemption period. During this period, he or she has the… …   Investment dictionary

  • tax sale certificate — n: tax certificate Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • tax sale — the sale of real property, as land, usually at auction by a public authority, in order to pay delinquent taxes assessed upon its owner. [1825 35, Amer.] * * * …   Universalium

  • tax sale — See sale for taxes …   Ballentine's law dictionary

  • redemption from tax sale — An opportunity and procedure provided whereby a former owner, his successors in interest, or anyone having substantial interest in the premises, may defeat a tax sale, although it has been valid and regular in every respect, and revest himself… …   Ballentine's law dictionary

  • sale — n 1 a: the transfer of title to property from one party to another for a price; also: the contract of such a transaction see also short 1 2 compare barter, donation …   Law dictionary

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