In the context of a tax sale, many states provide a period of ________ after a tax sale during which the taxpayer can reclaim the property by paying the unpaid taxes and penalties.
A) stipulation
B) consideration
C) redemption
D) exemption

Question

Quizplus · Accepted Answer

The period of time after a tax sale during which the taxpayer can reclaim the property by paying the unpaid taxes and penalties is known as the redemption period. This is a common practice in many states and is intended to give the property owner an opportunity to pay the delinquent taxes and keep their property. Stipulation refers to a condition or requirement in a legal agreement, consideration refers to something of value exchanged as part of a contract, and exemption refers to being exempt from something, such as a tax or regulation.

In the Context of a Tax Sale, Many States Provide