Tax Conveyance

Tax conveyance refers to the transfer of property ownership that occurs due to unpaid taxes. When property owners fail to pay their property taxes, local governments can seize the property to recover owed amounts. This process may involve auctioning the property to the highest bidder, often at a discounted price. The aim is to ensure local governments can maintain revenue for public services. Buyers at such auctions typically acquire the property with an understanding of the risks involved, including potential liens or claims from prior owners.