Tax sale glossary
Premium bid
The standard highest-bidder-wins auction format used at most tax deed sales. Bidders push the price up, and the top bid takes the property. Discipline means setting a maximum from real due diligence and not chasing past it.
Go deeper: Bidding methods explained.
Related terms
- Tax deed
- A deed issued through a property-tax sale process. Its effect depends on the applicable law, interest sold and sale record. Review remaining claims, possession and insurance requirements before assuming the deed provides clear title.
Tax Sale Atlas publishes educational information about public tax sale processes. This is not legal, financial, or investment advice. Rules, dates, and fees change; confirm with the county office before you bid.
See the term in a real sale
Open a state to watch these concepts play out in an actual sale calendar and rule set.