Definition of "Tax deed"

Donna  Campbell real estate agent

Written by

Donna Campbellelite badge icon

Fowlkes Realty Co.

Document evidencing the passage of title to a purchaser of property sold for taxes. The tax deed is issued upon foreclosure of the property lien. Typically, there is a grace time period permitting the owner to make good on the delinquent taxes in order to redeem the property.

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