Definition of "Tax deed"
Santo Dovi, Real Estate Agent
Keller WilIams Realty
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.
Have a question or comment?
We're here to help.