tax sale

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Tax Sale

The sale of real estate in order to pay back taxes. In a tax sale, the taxing authority seizes the property for non-payment and then conducts the sale, generally selling to the highest bidder. For example, the IRS may hold a tax sale of a person's house for chronic non-payment of income taxes.

tax sale

A public sale because of unpaid property taxes.In most jurisdictions, the successful purchaser receives only a tax certificate, which will entitle the purchaser to ask for a tax deed after the passage of the time period specified in that state.

References in periodicals archive ?
In the future, the County anticipates outsourcing the entire tax sale process.
8220;This doesn't have to be you any longer, not if you join me in my first ever done with you training, just in time for the Arizona online tax sales,” says Joanne Musa, The Tax Lien Lady.
The Tax Collector and Mayor of Dade County have approved a tax sale policy that allows Wall Street hedge funds and other large institutional investors to enjoy a "special status" whereby these funds are allowed to submit literally hundreds of thousands of bids for every one bid submitted by a citizen of Miami-Dade.
However, all tax sales have essentially been voided and the ownership reverted to those who may have abandoned the property and left no heirs to claim it.
And even among the states that do, not all counties will have their tax sales online.
It automates delinquencies, tax sales, interest and penalty calculations.
States that will tax sales that cross their borders, even if the seller has no property or employees in the state.
These integrated systems will provide for the administration and billing of real property, personal property and special benefits districts and will also incorporate deed transfers, tax sales, and real and personal property tax refunds.
This course not only includes video tutorials to show you how to register and bid in the Michigan Online Tax Sales, it also includes information on how to invest in the other states that have online tax deed sales, like California, Florida, New York and Louisiana.
The previous year, Bid4Assets managed the Tax Sales for five Florida County Tax Collectors.
real estate expert, investors flocking to tax sales in the hope of buying property for pennies on the dollar will, in almost every case, be disappointed.
Also included in the book are links to bonus videos and webinars and a link to Joanne's State Guide, which gives a breakdown of what happens at tax sales in each of the states, and lists which states are tax deed states and which are tax lien states.