What is a tax sale?

All municipalities in New Jersey are required by law to hold annual sales of unpaid real estate taxes. By selling off these tax liens, municipalities generate revenue. Tax sales are conducted by the tax collector. At the tax sale, the title to the delinquent property itself is not sold. What is sold is a tax sale certificate which is a lien on the property. Third parties and the municipality bid on the tax sale certificates (TSC).  At the conclusion of the sale, the highest bidder pays the outstanding taxes and becomes the holder of the TSC. The TSC must be recorded with the County Clerk to become a lien against the real estate.

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1. What is the current tax rate for 2022?
2. When are bills mailed?
3. What if I don’t receive my bill?
4. Does the City of Asbury Park send delinquent notices?
5. Do postmarks count?
6. Is there a grace period?
7. If an account had delinquencies on it, do you still accept the current year payment?
8. What is a tax sale?
9. What is the difference between a tax sale and an accelerated tax sale?
10. What is a lien and how do I get a lien off my property?
11. Does the City of Asbury Park hold an accelerated tax sale and how does it work?