tax sale certificate
Definition
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.
tax sale certificate is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
tax sale certificate appears in the definitions of the following terms: tax deed and tax lien certificate
This content can be found on the following page:
http://www.businessdictionary.com/definition/tax-sale-certificate.html
email to a friend
print this definition
cite this definition
link to this page
