New Jersey Tax Lien Certificates
Tax certificates are an easy, solid investment and can help you the average person gain a larger, more secure return on your investment. New Jersey has both tax lien and tax deed certificate sales available. New Jersey’s interest rates start at a high 18% with the possibility of more. The redemption period is two years and tax lien auctions will vary depending on the county or municipality. Auctions and sales are done on a competitive bid basis like most other states, but New Jersey differs in that the process is started by bidding down the interest rate yet taxes may revert back to 18% for subsequent years’ taxes. New Jersey could be considered a favorable state because of its’ high interest rate of 18% and its’ short redemption period of only two years.