New Jersey

The Division of Local Government Services says New Jersey law requires all 566 municipalities to hold at least one tax sale per year, if they have delinquent taxes or municipal charges (guide copy dated 2011). At the auction, bidders bid down the interest rate, from a limit of up to 18% (NJ Division of Local Government Services guide, copy dated 2011). If the interest is bid down to the floor, a premium is bid instead, and the highest premium wins (NJ Division of Local Government Services guide, copy dated 2011). The premium payment is held by the collector (R.S. 54:5-33(a)). If the owner redeems, the premium payment goes back to the certificate purchaser (R.S. 54:5-33(a)). If redemption is not made within five years from the date of sale, the premium is turned over to the municipality (R.S. 54:5-33(a)); a bankruptcy filing extends the five years. On redemption before foreclosure, the certificate carries a redemption penalty of 2, 4 or 6 percent, depending on the amount of the original certificate (NJ Division of Local Government Services guide, copy dated 2011). A holder may sue in Superior Court to foreclose the right of redemption; the owner may demand that the holder foreclose through a judicial sale or an Internet auction run by the county sheriff (R.S. 54:5-86, 54:5-87(b); P.L.2024, c.39, approved July 10, 2024). The right to redeem continues until barred by the judgment of the Superior Court (R.S. 54:5-86(a)). The judgment forecloses prior and subsequent encumbrances, except subsequent municipal liens (R.S. 54:5-87(a)). Statute: N.J.S.A. 54:5-33, 54:5-86 and 54:5-87 (P.L.2024, c.39).

At a New Jersey tax sale, title to the property is not sold; a tax sale certificate, a lien on the property, is sold (NJ Division of Local Government Services guide, copy dated 2011). A foreclosure action may start after two years from the date of sale (six months if the municipality holds the certificate), and the right to redeem continues until the court judgment (R.S. 54:5-86). N.J.S.A. 54:5-86.

Interest on a certificate can be up to 18% per year, depending on the winning bid (NJ Division of Local Government Services guide, copy dated 2011). If redemption is not made within five years from the date of sale, the premium goes to the municipality (R.S. 54:5-33(a)). N.J.S.A. 54:5-33.

La División de Servicios de Gobierno Local dice que la ley de Nueva Jersey exige que los 566 municipios realicen al menos una venta fiscal al año, si tienen impuestos o cargos municipales morosos (guía, copia de 2011). En la subasta, los postores bajan la tasa de interés, desde un límite de hasta 18% (guía de la División de Servicios de Gobierno Local de NJ, copia de 2011). Si no se redime dentro de cinco años desde la fecha de la venta, la prima pasa al municipio (R.S. 54:5-33(a)); una quiebra extiende los cinco años. Estatuto: N.J.S.A. 54:5-33, 54:5-86 y 54:5-87 (P.L.2024, c.39).

En una venta fiscal de Nueva Jersey no se vende el título de la propiedad; se vende un certificado de venta fiscal, un gravamen sobre la propiedad (guía de la División de Servicios de Gobierno Local de NJ, copia de 2011).

El interés de un certificado puede ser de hasta 18% anual, según la oferta ganadora (guía de la División de Servicios de Gobierno Local de NJ, copia de 2011). N.J.S.A. 54:5-33.

• A premium is a dollar amount bid over the lien once the interest has been bid down (NJ Division of Local Government Services guide, copy dated 2011).
  Statute text

  The winning bidder is the one who bids the lowest percentage of interest or bids the highest premium.

• Delinquent taxes may accrue interest up to 8% on the first $1,500 and 18% on any amount over $1,500 (NJ Division of Local Government Services guide, copy dated 2011).
  Statute text

  New Jersey law requires all 566 municipalities to hold at least one tax sale per year, if the municipality has delinquent property taxes and/or municipal charges.

If redemption is not made within five years from the date of sale, the premium goes to the municipality (R.S. 54:5-33(a)).

• If redemption is not made within five years from the date of sale, the premium goes to the municipality (R.S. 54:5-33(a)).
  Statute text

  If redemption is not made within five years from date of sale the premium payment shall be turned over to the treasurer of the municipality and become a part of the funds of the municipality.

• Each municipality runs its own sale: Confirm with the municipality.
  Statute text

  New Jersey law requires all 566 municipalities to hold at least one tax sale per year, if the municipality has delinquent property taxes and/or municipal charges.

• Any subsequent certificate issued is paramount to any prior certificate (NJ Division of Local Government Services guide, copy dated 2011).
  Statute text

  Any subsequent certificate issued will be paramount to any prior certificate.

• Cada municipio realiza su propia venta: confirme con el municipio.
  Statute text

  New Jersey law requires all 566 municipalities to hold at least one tax sale per year, if the municipality has delinquent property taxes and/or municipal charges.

• Registration deadlines: Confirm with the municipality.
  Statute text

  New Jersey law requires all 566 municipalities to hold at least one tax sale per year, if the municipality has delinquent property taxes and/or municipal charges.

• The owner may demand a judicial sale or Internet auction through the county sheriff before final judgment (R.S. 54:5-87(b); P.L.2024, c.39).
  Statute text

  the owner, or the owner's heirs, shall have the right to demand, by written request to the Superior Court before the date that the final judgment is entered, that the holder of the tax sale certificate foreclose the right to redeem that certificate in the same manner as a mortgage through a judicial sale

• Plazos de registro: confirme con el municipio.
  Statute text

  New Jersey law requires all 566 municipalities to hold at least one tax sale per year, if the municipality has delinquent property taxes and/or municipal charges.

Platform: Set by each municipality. Confirm with the municipality.

• Contact the tax collector of your target municipality for sale information (NJ Division of Local Government Services guide, copy dated 2011).
  Statute text

  New Jersey law requires all 566 municipalities to hold at least one tax sale per year, if the municipality has delinquent property taxes and/or municipal charges.

• Registration: Confirm with the municipality.
  Statute text

  New Jersey law requires all 566 municipalities to hold at least one tax sale per year, if the municipality has delinquent property taxes and/or municipal charges.

• Payment: the winning bidder must immediately pay the taxes and interest to date, under local restrictions (NJ Division of Local Government Services guide, copy dated 2011).
  Statute text

  The winning bidder is the one who bids the lowest percentage of interest or bids the highest premium.

• Bidders bid the interest rate down, then premiums (NJ Division of Local Government Services guide, copy dated 2011). Format: Confirm with the municipality.
  Statute text

  At the auction, bidders bid down the interest rate that will be paid by the owner for continuing interest on the certificate amount.

Deposit: Deposit: Confirm with the municipality. See the municipality's sale notice.

Platform: Lo fija cada municipio. Confirme con el municipio.

• Contacte al recaudador de impuestos del municipio de su interés para información de la venta (guía de la División de Servicios de Gobierno Local de NJ, copia de 2011).
  Statute text

  New Jersey law requires all 566 municipalities to hold at least one tax sale per year, if the municipality has delinquent property taxes and/or municipal charges.

• Registro: confirme con el municipio.
  Statute text

  New Jersey law requires all 566 municipalities to hold at least one tax sale per year, if the municipality has delinquent property taxes and/or municipal charges.

• Pago: el postor ganador debe pagar de inmediato los impuestos e intereses a la fecha, según las restricciones locales (guía de la División de Servicios de Gobierno Local de NJ, copia de 2011).
  Statute text

  The winning bidder is the one who bids the lowest percentage of interest or bids the highest premium.

• Los postores bajan la tasa de interés y luego ofertan primas (guía de la División de Servicios de Gobierno Local de NJ, copia de 2011). Formato: confirme con el municipio.
  Statute text

  At the auction, bidders bid down the interest rate that will be paid by the owner for continuing interest on the certificate amount.

Depósito: Depósito: confirme con el municipio. Vea el aviso de venta del municipio.

Confirm with the municipality.

Not set by the sources read. Confirm with the municipality.

No lo fijan las fuentes leídas. Confirme con el municipio.

• Municipal tax collector offices
  Statute text

  New Jersey law requires all 566 municipalities to hold at least one tax sale per year, if the municipality has delinquent property taxes and/or municipal charges.

In an action on an abandoned property, the judgment bars claims to surplus equity (R.S. 54:5-87(a)); an owner may demand a judicial sale or Internet auction to preserve equity (R.S. 54:5-87(b)). Other cases: Confirm with the municipality.