what is a tax deed property

[StAdaline]

A tax deed property is a property that a local government has taken ownership of due to unpaid property taxes and is now selling to the highest bidder at a public auction to recover the delinquent taxes. The new owner receives a tax deed, which is a legal document that transfers full ownership of the property to them. This process is different from a tax lien, where a lien is placed on the property and the owner can still pay the debt to keep it.