the sale of real property, as land, usually at auction by a public authority, in order to pay delinquent taxes assessed upon its owner.


Read Also:

  • Tax-shelter

    noun 1. any financial arrangement (as a certain kind of investment or allowance) that results in a reduction or elimination of taxes due. noun 1. (commerce) a form into which business or financial activities may be organized to minimize taxation tax shelter definition A type of investment that allows a reduction in one’s taxable income. […]

  • Tax-stamp

    noun 1. a stamp required to be affixed to certain products, documents, etc., before they change hands to indicate that a tax has been paid.

  • Tax-title

    noun, Law. 1. a title, acquired by the purchaser at a forced sale of property for nonpayment of taxes.

  • Tax with

    Charge, accuse, as in He was taxed with betraying his fellows. [ Mid-1600s ]

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