New Jersey

 

Sale Date Varies by county
Applicable Law Title 54, Subtitle 2, Chapter 5
Bid System Bid Down with Premium
Statutory Interest Rate 18%
Redemption Period (Months) 24
Interest Accrues Daily
Premium allowed? Yes
Premium Refundable? Yes
Interest Rate for Premium? No
Can pay Subs? Yes
Interest Rate for Subs 8% - 18%
Refundable Fees

Property Search Fee

Recording Fee

Penalty (2%-6%)

Frequency of Property Taxes

February 1, May 1 

August 1, November 1

Tax Lien Expiration 20 years after redemption period