Glossary

Tax Roll

A Tax Roll is an official record of property subject to taxation, detailing property values, ownership, and tax amounts due. It is crucial for tax collection and compliance.

Redemption Premium

The Redemption Premium refers to the extra amount above a bond's face value paid to bondholders upon early redemption. It impacts taxes significantly.

Tax Lien Jurisdiction

Tax Lien Jurisdiction refers to the authority under which tax liens are imposed on a property, affecting the owner's ability to sell or refinance.

Tax Sale Surplus

Tax Sale Surplus occurs when property is sold for more than overdue taxes. Learn its significance in tax compliance and how it affects stakeholders.

Interest Rate on Liens

Interest rates on liens are the costs imposed by tax authorities on outstanding tax liabilities secured by a lien. They play a crucial role in tax collection and compliance.

Tax Levy Appeal

A Tax Levy Appeal is a formal request to contest a government-imposed levy on an individual's property or accounts due to unpaid taxes.

Judicial Confirmation of Sale

Judicial Confirmation of Sale is a legal procedure validating the sale of property, often following foreclosure, ensuring compliance with court orders in tax-related cases.

Tax Certificate Issuer

A Tax Certificate Issuer is responsible for producing certificates that verify tax deductions, payments, or liabilities for individuals or entities.