What does a tax deed convey?

A tax deed conveys title to a property that has been sold at a tax foreclosure sale. When a property owner fails to pay property taxes, the local government can initiate a foreclosure process. After the appropriate legal procedures and time frames have elapsed, the government may sell the property to recover the unpaid tax amounts. The tax deed serves as the legal document that transfers ownership of the property from the previous owner to the new buyer, giving them full title and rights to the property. This is a critical mechanism for local governments to ensure that properties generating tax revenue remain under ownership that can contribute to the tax base.

The other options do not accurately reflect the purpose of a tax deed. A grant of easement typically relates to rights of usage over someone else's property rather than title transfer. A loan agreement refers to financing arrangements and does not pertain to deed conveyance. Rights to property usage under zoning laws are regulatory in nature and do not involve the transfer of property ownership. Thus, the option regarding the tax deed correctly identifies its function in the context of real property law.