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What is a tax sale certificate?

A tax sale certificate is a document sold at auction by a municipality to recover unpaid property taxes. The buyer pays the delinquent taxes and receives the certificate, which earns interest. If the homeowner does not repay the taxes plus interest within a redemption period (typically two years in New Jersey), the certificate holder can foreclose on the property.

Why It Matters

Tax sale certificates are how municipalities recoup unpaid taxes. Homeowners who understand this process can act before losing their property.

Related Questions

How are property taxes calculated in New Jersey? How do I appeal my property tax assessment? What is the NJ annual property tax deduction? What is a tax assessment and how often is it done? How do property taxes affect my monthly mortgage payment?

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