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tax deed |
Also found in: Legal | 0.01 sec. |
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Tax Deed An instrument proving ownership of a piece of real estate purchased in a government tax sale. That is, if a government confiscates property due to lack of payment of taxes and then sells it to another party, the tax deed proves the other party's ownership. tax deed A deed issued to the successful purchaser at an auction for unpaid real estate taxes, but only after passage of a predetermined period of time during which the owner may reclaim the property by paying all past-due taxes,expenses of sale,and interest. See also tax certificate. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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