If a property is delinquent in property tax payments for more than one year, it will go to what is called a Tax Sale.
The Tax Office sends out delinquent notices four times a year. One notice announces the actual Tax Sale.
In a Tax Sale, the Municipality does not sell the delinquent property, but sells Liens on the property. The liens represent the unpaid taxes and are put out to bid with payback interest rates starting at 18% and decreasing to 1%. A person who buys a property lien pays the City the amount of the delinquent taxes. That lien holder can then legally collect payment from the property owner, at the interest rate of the lien. This process can be costly to a homeowner and if not taken seriously the home can become subject to foreclosure by the lien holder.
A 6% year-end Penalty is also added for all subsequent payments made by a Lien holder in a year that totals $10,000.00 or more.
If a property is more than a year in delinquency, and the owner has a court ordered bankruptcy in place, the property is then excused from Tax Sale. However, property taxes are still billed and due, and must be paid.
Paying taxes when due can help keep the Woodbury tax rate level. Unpaid taxes create a serious financial problem for the City.
Next Tax Sale
June 28, 2017- 10am
City of Woodbury
33 Delaware St., Woodbury
Council Chambers 2nd Floor
SALE OF LAND FOR UNPAID REAL ESTATE TAXES
Notice is hereby given that on June 28, 2017 at 10:00 a.m. at Woodbury City Hall, 33 Delaware Street, Woodbury, NJ, the subscriber, Lorraine Reeves, Collector of Taxes of the City of Woodbury, will sell at public auction, the several lots, tracts, and parcels of land hereinafter described in-fee-simple, for the nonpayment of 2016 taxes, municipal water and sewer rent thereon as shown in the 2016 Unpaid Tax List, to such person or person’s as will purchase the same, subject to redemption at the lowest rate of interest, but in no case in excess of 18% per annum, as provided by the Tax Sale Law R.S. 54:5.19
Industrial properties may be subject to Spill Compensation and Control Act (N.J.S.A. 58:10-23, 11 ET SEQ.) The Water Pollution Control Act (N.J.S.A. 58:10A-1 ET SEQ.), and the Industrial Site Recovery Act (N.J.S.A. 13:1K-6 ET ESQ.) In addition, the municipality is precluded from issuing a tax sale certificate to any prospective purchaser who is or may be in any way connected to the proper owner or operator of the site.
In the event the owner is on active duty with the military, the tax collector should be notified immediately.
The following is a list and description of lands subject to the sale, and owners names as contained in such list, together with the total amount due on the respective parcels and computed to June 28, 2017 exclusive however, of the lien taxes for the year 2017. All bidders are to be prepared to pay in full for any parcels bid on at the time of the sale.
Payment by certified check, cash or money-order.
Lorraine Reeves Tax Collector
City of Woodbury
Information: Lorraine Reeves, Certified Tax Collector
856.845.1300 ext 119 or [email protected]
You may obtain a copy of the original advertisement by clicking below, or mail a self-addressed stamped envelope to have a list mailed to you. No changes will be made to the original newspaper advertisement or the website after publication of the tax sale list.