The 2 Types of Real Estate Tax Sales — Know the Difference

When a property owner falls behind on their real estate taxes, the government has the authority to sell that property in order to recoup the unpaid taxes. This process is known as a tax sale. There are two types of tax sales: a tax deed sale and a tax lien sale. It’s important to know the difference between the two because they have different implications for the buyer.

A tax deed sale is when the government sells the actual property in order to recoup the unpaid taxes. The new owner takes on all responsibility for the property, including any back taxes owed. This type of sale is usually reserved for properties that have been abandoned or where the outstanding taxes are very high.

A tax lien sale is when the government sells the right to collect unpaid taxes from the property owner.

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