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tax lien

 

Definitions from WordNet

Noun tax lien has 1 sense
  1. tax lien - lien of which a tax collector may avail himself in default of taxes (analogous to a judgment lien)
    --1 is a kind of
    lien
    --1 has particulars: federal tax lien; state tax lien

Definitions from the Web

Tax Lien

Definition: A legal claim imposed by the government on a property owner's assets or properties as a result of unpaid property taxes.

Sense 1: noun - A claim placed on a property to secure unpaid property taxes.

Example Sentence: John had to sell his house to settle the tax lien placed on it by the government.

Sense 2: noun - A certificate issued by the government to a third party, representing the owed property taxes.

Example Sentence: Investors can purchase tax liens at auctions and potentially earn interest on the back taxes owed by the property owner.

Sense 3: verb - The act of imposing a legal claim on a property for unpaid taxes.

Example Sentence: The municipality has the power to tax lien properties in order to recover the unpaid taxes.

Related Products: Property Tax Handbook, Investing in Tax Liens: Finding Liens on Business or Residential Property and Buying Them at Auction

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