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.
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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Olson and Lachman (1976) found that in Cleveland, Ohio's tax sales between 1969 and 1972, the higher the minimum price relative to the property|s market value, the less likely the parcel was to sell.
Bid4Assets has conducted online tax sales for over 75 counties and cities nationwide, including counties in California, Washington, Virginia, Idaho, Michigan, Nevada and Missouri.
The replay to this teleseminar, "Online Tax Sales Happening Now," is available until June 15.
Winter is a pretty quiet time for tax sales in the Northeast with the exception of the Nassau County tax sale in NY.
Most of the good properties got bid at the tax sale for less than 5% interest.
“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.
“What these experts fail to tell is that only a few states have online tax sales. And even among the states that do, not all counties will have their tax sales online.”
Tax deed sales in California and Florida go on all throughout the year, but the Michigan, New York, and Louisiana tax sales are seasonal.
The book also includes links to resources for finding the best place to invest, getting the tax sale information, evaluating tax sale properties, protecting your investment, assisted investing, secondary tax liens, and more.
* Buying houses at tax sales for pennies on the dollar is dead.
*Download tax sale data right into the software program to track tax sales and liens or redeemable deeds
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.