tax redemption

(1) The act of a property owner paying all delinquent real estate taxes, plus expenses and accrued interest after a tax sale but before final issuance of a tax deed to the sale purchaser,and thereby regaining all rights to the property. (2) In some jurisdictions,another name for a tax certificate is a tax redemption certificate. It is the document given to a successful tax sale purchaser,and entitles the purchaser to receive a tax deed after a preset period of time unless the owner pays all taxes before that time expires.

单词	tax redemption
释义	tax redemption tax redemption (1) The act of a property owner paying all delinquent real estate taxes, plus expenses and accrued interest after a tax sale but before final issuance of a tax deed to the sale purchaser,and thereby regaining all rights to the property. (2) In some jurisdictions,another name for a tax certificate is a tax redemption certificate. It is the document given to a successful tax sale purchaser,and entitles the purchaser to receive a tax deed after a preset period of time unless the owner pays all taxes before that time expires.
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