New Jersey

In State Info by TSL Admin


Primary Sale Type:Tax Lien Certificate
new jersey
Secondary Type(s):NA
Sale Date(s):Vareis: set by taxing jurisdiction
Bid Type:Bidding-Down-Interest, then Premium Bidding
Rate of Return:18% per annum - maximum interest, plus 6% penalty upon redemption
Redemption Period:2 years from date of sale
Over-the-Counter:NA
Statute Section(s):NJ Revised Statutes - Title 54, Subtitle 2 CH 5
State Website:www.state.nj.us

State Overview:

There are 21 counties in New Jersey and 566 towns and cities. New Jersey often holds their sales on the municipal level.

New Jersey Tax Lien Auction Links & County Directory

The two most populous areas in New Jersey are Bergen (905,000+) and Middlesex (809,000+) County.

Search Demographics:

New Jersey is classified as a Tax Lien Certificate state, with each municipality holding at least one sale per year.

Auction Process / Redemption:

Tax sales are conducted by the municipal tax collector, at a date and time advertised in the local paper. Parcels are won through the 'Bid Down Interest' method, starting the bidding with the rate of return at 18% per annum. If competative bidding decreases the rate of return to 0%, then parcels are won through the 'Premium Bid' method. The certificate holder may begin action to foreclose upon the expiration of 2 years from the date of sale.

State Resources:

ResourceDescriptionInstructions and Additional Information
State of New Jersey, Division of Local Government ServicesList of New Jersey's 566 Municipalities together with websites, if such exist.NA
Tax Collectors & Treasurers Association of New JerseyInformation on upcoming tax sales by the tax collector / municipality in question.NA