What is a tax sale certificate?
By Bob Millaway, South Jersey Community Expert & REALTOR®
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.
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