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New Jersey Tax Liens - (NJ)

Written by: Kevin Zimmerman



The state of New Jersey is considered a good state for tax lien certificate sales. A review of relevant tax lien certificate sales information indicates that New Jersey is a worth considering for tax lien investing with its high interest rate and short right of redemption period.

An Overview of New Jersey Tax Lien Certificate Sales

The interest rate for New Jersey tax sales is an excellent 18% per year with a redemption period of 2 years. The interest may even go higher, depending on the penalties assessed on the property. The dates and times for New Jersey tax lien certificate sales auctions vary and are determined by the individual counties/municipalities.

In addition to tax lien sales, New Jersey also conducts tax deed sales.

New Jersey Tax Sales Bidding Process

All tax sales held in New Jersey are held via a competitive bidding process that starts by actually bidding the interest rate down. However, taxes for subsequent years revert back to 18%.

Overall, New Jersey can be considered a good state for tax lien certificate investing.

 

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