Wikipedia
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.
The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if the lien is not redeemed, the lienholder may seek legal action which will result in the lienholder either automatically obtaining the property, or forcing a future tax deed sale of the property and possibly obtaining the property as a result.
Usage examples of "tax sale".
He went to every auction, flea market, tax sale, bankruptcy liquidation, and barter in these parts, don't you know!
Marcy said, 'The mortgage payment is late and there's a notice there from the village saying they're going to list the house for a tax sale unless we pay up.
When Baron Neill and his whole clan vanished-no one knew or cared where, so long as the Neills were gone for good-the sheriff had promptly set the tax sale.
When Baron Neill and his whole clan vanishedno one knew or cared where, so long as the Neills were gone for goodthe sheriff had promptly set the tax sale.