Assignment
A transfer of rights or interest from one party to another. In tax sale contexts, this may refer to transferring an interest in a certificate, judgment, or related position, subject to applicable law and the governing sale documents.
Glossary
Tax Sale Terms, A to Z
A plain-English glossary to help users better understand common auction and tax sale terminology. Definitions are general in nature and should not be treated as legal advice.
A
Auction Platform
The website or system where an auction is hosted, advertised, registered for, or conducted. This may be operated by a government entity, a third-party provider, or an auction company.
B
Bidder
A person or entity that registers and is approved to participate in an auction and submit bids under the terms set by the auction provider.
C
County Tax Sale
A tax sale conducted at the county level, often involving delinquent property taxes. The structure, rules, and sale format vary by jurisdiction.
D
Due Diligence
The process of independently reviewing property, title, tax, legal, auction, and jurisdiction-specific information before deciding whether to participate in a sale.
J
Judgment Sale
A sale process involving a judgment-related interest or enforcement process. The meaning and legal effect can vary depending on the jurisdiction and the nature of the proceeding.
O
Opening Bid
The starting bid amount at which bidding begins, if one is set by the auction provider or governing authority.
Original Listing
The official source page for the auction or offering, where the governing details, terms, registration requirements, and other source information are provided.
R
Register for Auction
The process of signing up with the official auction provider or platform in order to become eligible to participate, subject to that provider’s approval requirements.
Reserve
A minimum threshold or condition that may need to be met for a sale to move forward, depending on the auction format and provider rules.
T
Tax Certificate
A certificate or interest associated with delinquent property taxes, typically governed by state or local law. Rights, returns, redemption rules, and procedures vary by jurisdiction.
Tax Deed
A deed-related tax sale structure in which rights to a property or property interest may be sold through a tax enforcement process, subject to local law and sale terms.
Terms and Conditions
The official rules, requirements, timelines, fees, disclaimers, and procedures that govern participation in a specific auction or offering.
Third-Party Listing
A listing that is not directly powered by Ashland Auction Group and instead directs users to an outside provider, government source, or external auction platform.