Tax Sale Scheduled In Long Valley; Is Your Property On The List?

LONG VALLEY, NJ — Washington Township has announced its annual tax sale is now live for properties that have not paid property taxes, or other prior delinquencies.

The virtual sale went live this week and will remain open through an online auction on Dec. 8, 2022 at 8:30 a.m.

More than 30 outstanding debts are listed in the town’s new sale. They range in amount from $171 to $19,273. You can see a list of the local properties here.

What is a tax lien? According to the auction website, "a tax lien is a document representing unpaid municipal charges, assessments, penalties, advertising costs and fees. If the property owner fails to pay the delinquent municipal charges during a specified period of time, the municipal government can sell what is called a tax lien certificate to investors so that the municipality may recoup the delinquent municipal charges."

If a municipality has delinquent property taxes and/or municipal charges, New Jersey law requires all 566 municipalities to hold at least one tax sale per year. Winning bidders must immediately pay outstanding taxes and interest to municipalities.

Buyers are then given a tax sale certificate, which they can use to foreclose on the property and obtain ownership after the lengthy process. Learn more about tax lien sales in New Jersey here.