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 ?
Tax sale procedures differ considerably among states (Herbert and Pawlik 1988).
Online tax lien and deed sales are going on now and there will be more tax sales online through the summer, fall and winter.
online tax sales for approximately 2,250-3,000 properties per year divided among 3-4 tax sales during
com)-- There are plenty of tax sales coming up for March and April.
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.
These are strategies for making money with tax liens and tax deeds without doing a lot of work and without bidding at the tax sale.
Calculate how much premium to can pay for each property in the tax sale
Interest rates are bid down to minuscule percentages at tax sales and premiums at some tax sales are bid too high for investors to make a decent profit.
She explained, "Program funding is available to New Jersey municipalities for sites they have acquired through foreclosure or purchase or on which they hold tax sale certificates.
8220;The Tax Lien Investing Basics course was designed to answer the 2 most common questions that I get from newbie investors: 'Where is the best place to invest,' and 'How do I find the tax sale information'," comments Ms.
amp;uot;Taxpayers benefit from the revenue generated by the tax sale through increased general revenue for public services such as health, fire and police protection,&uot; he said.