The Tax Lien Industry

New Jersey municipalities fund their budgetary needs through the collection of property taxes and utility charges.  When property owners are delinquent in the payment of these obligations, the municipality is empowered to auction “liens” to bidders to raise the necessary funds for their governmental operations.

In order to clear the tax lien/utility liability, the property owner must pay the delinquency and other statutorily authorized accumulated interest and penalties.