Tax Deed

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Dictionary Says

Definition of 'Tax Deed'

A legal document that grants ownership of a property to a government body when the property owner does not pay the taxes due on the property. A tax deed gives the government the authority to sell the property to collect the delinquent taxes and transfer the property to the purchaser. Such sales are called "tax deed sales" and are usually held as auctions where the minimum bid is the amount of back taxes and fees owed.
Investopedia Says

Investopedia explains 'Tax Deed'

In order to acquire a tax deed, the taxing authority, often a county government, must go through a series of legal steps, including notifying the property owner, applying for a tax deed, posting a notice at the property and posting a public notice. The exact steps that must be taken will vary in accordance with local and municipal laws.

Related Definitions

Search results for

'Tax Deed'

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    ... The grantee receives whatever title the judgment debtor has. Tax Deed -
    Issued when a property is sold for delinquent taxes. Deed ...

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    http://www.investopedia.com/ask/answers/07/taxtipSSN.asp
    ... name due to marriage, divorce or other legal reasons such as a deed poll, you ... To
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  • Encumbrances And Nonpossessory Interests In Real Property

    http://www.investopedia.com/articles/mortgages-real-estate/12/encumbrances-nonpossessory-interests.asp
    ... estate tax and assessment liens, mechanics' liens, judgment liens and federal tax
    liens ... an enforceable condition that appears as a clause in a deed that limits ...

  • Preparing Your Finances From Natural Disasters

    http://www.investopedia.com/articles/pf/07/natural_disasters.asp
    ... Inside should be: Copies of all your important documents (home's deed, marriage
    license ... first two pages of your most recent federal and state income tax forms. ...

  • Series 6 Study Guide - Investment Securities - Corporate Bonds ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-securities/corporate-bonds.asp
    ... The terms of the legal agreement between the investor and the corporation are spelled
    out in the bond's indenture (also called the "deed of trust") on the bond ...

  • Ensuring That Your Trust Is Trustworthy

    http://www.investopedia.com/articles/retirement/11/ensuring-your-trust-trustworthy.asp
    ... The idea of a trust is to give the money some legal protection from misuse, getting
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  • Promissory Notes: Not Your Average IOU

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    ... Although it varies by situation and state, the deed of the house is often used as
    a ... It is better, from a tax perspective, to get a higher sales price for your ...

  • Condo-Buying Walkthrough: Condo Characteristics | Investopedia

    http://www.investopedia.com/university/condo-buyers-guide/condo-buyers-guide1.asp
    ... owner's interest in real property (or real estate) is conveyed by deed. ... For tax purposes,
    each unit and its associated percentage of the undivided interest in ...

  • Watch Out For "Junk" Mortgage Fees

    http://www.investopedia.com/articles/mortgages-real-estate/08/mortgage-closing-costs-fees.asp
    ... title search, title examination, closing service letter, deed preparation, notary ...
    courier/delivery fee, endorsements, recording fee, transfer tax and optional ...

  • 10 Ways To Prepare For Nature's Worst Slideshow | Investopedia

    http://www.investopedia.com/slide-show/insurance-prepare-nature-worst
    ... This includes your marriage license, home deed, birth certificates and other original
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