Tax Deed

A tax deed is a legal document that grants ownership of a property to a governmental entity, typically a county, after the property owner fails to pay property taxes. When these taxes remain unpaid for a certain period, the government can sell the property at a public auction to recover the owed taxes. The winning bidder receives the tax deed, which gives them legal title to the property, possibly along with the responsibility to pay any outstanding liens or debts associated with it. This process allows governments to incentivize timely tax payments and manage unpaid tax liabilities.