tax sale Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “tax sale” in the English Dictionary

"tax sale" in Business English

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tax salenoun [C]

uk   us   US LAW, PROPERTY
a ​situation in which the ​governmenttakes and ​sells the ​property of ​people who have not ​paidtax: They ​bought the ​building very ​cheaply in a ​taxsale last ​year. The taxsaleprocess is used to ​collect any ​debt over $10,000 ​dollars.
(Definition of tax sale from the Cambridge Business English Dictionary © Cambridge University Press)
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