N.J.S.A. § 54:5-34.
Sale; purchase by municipality; rights of municipality
The officer making sale shall strike off and sell to the municipality in fee for redemption any parcel of real property purchased in accordance with a successful bid made pursuant to a resolution of the governing body or at 18% any parcel of real property for which there shall be no other purchaser, and the municipality shall have the same remedies and rights as other purchasers, including the right to bar or foreclose the right of redemption.
Amended by L.1962, c. 161, s. 2; L.1975, c. 210, s. 2, eff. Sept. 25, 1975; L.1979, c. 435, s. 3, eff. Feb. 14, 1980.
Source: view the official text
In this chapter (40 sections)
- 54:5-19.3 · Contracts for property tax lien management services
- 54:5-19.4 · Contracts to include compensation to contractor, bases
- 54:5-19.5 · Approval process by governing body
- 54:5-19.6 · Provision of information
- 54:5-19.7 · Contracts considered professional service; duration
- 54:5-20.1 · Discretion of tax collector as to sale
- 54:5-21 · Lands listed for sale; liens listed; installments added
- 54:5-22. · Installments not yet due may be excluded; procedure
- 54:5-23. · List of installments not due; statement in certificate of…
- 54:5-24 · Maintenance of list
- 54:5-25. · Notice of sale; contents
- 54:5-26 · Notice of tax sale; posting, publication
- 54:5-27. · Notice to owner; mailing
- 54:5-28. · Sale; adjournments; restrictions; readvertisement
- 54:5-29 · Payment of amount due prior to tax sale; priority
- 54:5-30. · Notice of sale attached to list
- 54:5-30.1. · Bidding by municipal officers at tax sales
- 54:5-31. · Sale at auction for amount advertised
- 54:5-32 · Sale in fee subject to redemption
- 54:5-33 · Payment; resale; redemption
- 54:5-34. · Sale; purchase by municipality; rights of municipality
- 54:5-34.1. · State to purchase in fee subject to redemption; over 15%…
- 54:5-34.2. · Notice to state by municipality
- 54:5-34.3. · Certification of state's annual obligation for inclusion…
- 54:5-35. · Entries made on list as each sale is concluded
- 54:5-37. · Time limit on enforcement; failure to comply; effect;…
- 54:5-38 · Fees for cost of holding sale
- 54:5-39. · Land held by purchaser assessed in owner's name; resale by…
- 54:5-40. · Liens certified to officer selling land
- 54:5-41. · Statement of proceedings; removal for failure to perform…
- 54:5-42. · Lien passes to purchaser; continued if sale set aside
- 54:5-43. · If sale set aside; tax refunded to purchaser
- 54:5-44. · When sale not to be set aside
- 54:5-45.1. · Tax sales voidable where past-due taxes omitted and…
- 54:5-45.2. · Sales in violation of statute; subsequent sales void;…
- 54:5-45.3. · Tax sale certificates and titles unaffected
- 54:5-45.4. · Application of section 54:5-45.1 to sales after June 29,…
- 54:5-46. · Certificate of sale delivered to purchaser
- 54:5-46.1. · Certificates of sale for taxes, assessments or municipal…
- 54:5-47 · Certificate of sale; form and content