tax certificate


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tax certificate

When a property is sold for delinquent real estate taxes, the purchaser usually receives only a tax certificate. It is not a deed, nor does it transfer title to the property into the purchaser. Rather, it is a right to receive a deed when the statutory time period passes but only if the property owner has not paid all past-due taxes plus interest and costs.

References in periodicals archive ?
Providing the Commission with authority to establish a tax certificate program that would apply to services subject to auction as well as to broadcast and cable would restore to the Commission the authority it held prior to 1995.
Online tax certificate auctions benefit the county, the distressed taxpayer, and bidders.
In addition to the mischaracterization of the tax certificate as a minority preference policy, concern was expressed during the 1995 Senate heatings on tax certificates about lost tax revenues.
The shortfall was also affected by unanticipated, reduced availability this year of real estate tax certificates, an annual investment of the bank.
We applaud the vision of Realauction in developing this software to conduct our annual tax certificate auctions," said Putnam County Tax Collector Ken Mahaffey.
Targeted most avidly are government-funded minority set-aside contracts, such as those of the FCC's Minority Tax Certificate Program and those in the U.
For the foregoing reasons, Tax Executives Institute recommends that Finance and Revenue Canada give favourable consideration to the introduction of a Tax Certificate of Deposit mechanism.
As tax certificate auctions closed around the state, counties reported record numbers of bids, sales and revenues.
The most recent example of the 42 la Tax Certificate Program in action is Leewood Real Estate's construction of 72 low-rise apartments on Staten Island's North Shore.
With over 50 years of combined experience in the tax certificate and real estate data transfer industry, and an award winning development team, Realauction is committed to providing the software and customer service to help governments succeed.
com, LLC, "providers of online auction solutions for government" (C), to begin online Tax Certificate Sales in Pinellas the summer of 2006.