tax certificate

Definition of "tax certificate"
  1. A formal document provided to the person acquiring property through a tax sale. This certificate affirms the sale and grants the buyer the right to a tax deed once the period for redeeming the property has lapsed, assuming all obligations and costs have been met
How to use "tax certificate" in a sentence
  1. Upon winning the auction for the foreclosed house, he was given a tax certificate.
  2. The tax certificate granted her the opportunity to eventually acquire the tax deed of the property she purchased at the tax sale.
  3. All persons purchasing property at a tax sale are provided with a tax certificate.

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