Tax deed
A deed conveying ownership of the property itself, sold at auction to cover unpaid taxes. Unlike a lien certificate, the winning bidder becomes the owner (subject to any redemption rights that still apply in that state).
See how this plays out in a specific state: browse all 50 states, or check the full glossary for related terms.
General definition — exact terminology and mechanics vary by state and county. Always confirm against the specific county's own auction notice before bidding.