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Tax Lien Certificates in New Jersey NJ
New Jersey is a good state for tax lien certificate sales. Here is a summary of information for tax sales in New Jersey.
Interest Rate
18% or more depending on penalties.
Redemption Period
2 years
New Jersey Tax Lien Auctions
Dates of sales vary, depending on the municipality.
New Jersey Tax Deed Sales
New Jersey does have tax deed sales.
Bidding Process
All auctions are by competitive bid and start by bidding the interest rate down. However, subsequent years taxes revert back to 18%.
State-Specific Information
New Jersey is a good tax lien certificate investing state because the interest rate is high and the redemption period is short.
The tax sales take place on a municipality level.
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