N.J.S.A. § 54:5-49.
Certificate; issuance to purchaser
54:5-49. a. Each certificate shall cover only such property as is assessed as one parcel, and shall be prepared ready for delivery to the purchaser within ten days after the sale, including the date of sale as the first day, or the purchaser, other than a total property tax levy purchaser, may refuse to accept it and be entitled to repayment of the purchase price. Thereupon the lien shall be vested in the municipality and a certificate of sale shall be made to it as if originally struck off to it. The certificate shall not be invalid because delivered after the expiration of that period.
b. Tax sale certificates to be issued to the purchaser of a total property tax levy shall be issued within 10 days following the tax sale and after the final fiscal year total property tax levy payment, or thereafter, according to the contract with the municipality. A resolution of entitlement to a tax sale certificate shall be provided by the municipality on any delinquent properties in bankruptcy. Tax sale certificates shall be issued at the conclusion of the bankruptcy proceedings, or earlier, if permissible in connection with the bankruptcy proceeding, dated as of the next tax sale date upon surrender of the resolution of entitlement to the municipality.
Amended 1997, c.99, s.7.
Source: view the official text
In this chapter (40 sections)
- 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
- 54:5-48. · Description of property sold in certificate
- 54:5-49. · Certificate; issuance to purchaser
- 54:5-50. · Certificate of sale recorded and indexed as a mortgage
- 54:5-51 · Disposition of certificate of sale; permanent record
- 54:5-52. · Certificate of sale as evidence; presumptions raised; effect…
- 54:5-52.1. · Destruction, loss of tax title certificate; issuance of…
- 54:5-52.2. · Duplicate certificate not to affect time limit for…
- 54:5-52.3. · Effect of duplicate certificate; cancellation on finding…
- 54:5-53. · Lapse of time not to bar proceedings to enforce lien
- 54:5-53.1. · Possession by municipality; rents and profits; credits;…
- 54:5-53.2. · Cancellation of certificate of sale; certificate of…
- 54:5-54 · Right of redemption by owner, person having interest
- 54:5-54.1 · Redemptions through tax collector's office; exceptions
- 54:5-55 · Delivery of certificate of redemption; record
- 54:5-57 · Notice to purchaser, payment of redemption moneys
- 54:5-57.1 · Unclaimed redemption monies
- 54:5-58. · Amount required to redeem
- 54:5-59. · Amount required for redemption
- 54:5-60. · Amount required if certificate is not held by municipality
- 54:5-61. · Holder of tax title entitled to expenses; limitation
- 54:5-62. · Conditions for collection of fees, expenses