Tax Sale Glossary

Essential terminology for tax sale investors. Clear definitions of tax deeds, tax liens, redemption periods, and other key concepts.

Core Concepts

A legal document transferring property ownership from a government entity to a purchaser at a tax sale.

A legal claim against a property for unpaid taxes. Purchasing a tax lien gives you the right to collect the debt plus interest.

The document issued to tax lien purchasers, representing their claim against the property.

The time window during which a property owner can reclaim their property by paying delinquent taxes plus penalties.

The property owner's legal right to pay off tax debt and retain ownership before final transfer.

The amount paid at auction above the minimum bid (typically the total taxes owed).

Money remaining after all taxes and fees are paid from an auction sale, typically returned to the former owner.

The minimum acceptable bid at a tax sale, usually equal to back taxes plus fees and penalties.

The value assigned to a property by the county assessor for tax purposes. May differ significantly from market value.

The unique identifier assigned to a piece of property by the county assessor. Also called APN (Assessor Parcel Number).

Property taxes that remain unpaid after the due date, subject to penalties and potential tax sale.

A legal action to establish clear ownership of a property and remove any claims or clouds on the title.

A legal right to use another's property for a specific purpose, such as access or utilities.

A property with no legal access to a public road, significantly reducing its value and usability.