Tax sale certificate

Tax sale certificate,

Definition of Tax sale certificate:

  1. Official document issued by the taxation authorities. It serves as the evidence of conditional transfer of the title to a property sold for non-payment of taxes (tax sale). If the property owner fails to redeem the property within the statutory redemption period (by paying off all taxes and charges), the purchaser can foreclose on the property to obtain tax deed. Also called tax lien certificate.

Meaning of Tax sale certificate & Tax sale certificate Definition