Tax Sale Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Tax Sale, written in plain English, along with examples of how it is used.
What is Tax Sale?
It is the sale of the taxpayers property by the government or taxation authorities as a method of collecting the unpaid tax dues on those assets by the taxpayer after the expiry of legally specified time. Certain procedures are followed in order to arrive at a decision of auctioning the taxpayers’ assets by the state government.