What is the purpose of a tax sale?

The purpose of a tax sale is primarily to raise money to cover delinquent taxes. When property owners fail to pay their property taxes, the government has the right to place a lien on the property and may eventually sell the property at a tax sale to recover the owed taxes. This process not only helps the local government or municipality collect the necessary funds to maintain public services but also ensures that property owners are incentivized to stay current on their taxes.

By facilitating tax sales, the government is able to recoup losses associated with unpaid taxes, typically through the sale of the property to bidders who are willing to pay off the delinquent amount. This functions as a crucial financial mechanism for local governments, which rely on tax revenues to operate effectively.