Go to Previous Versions of this Section
  1. 2023 N.J. Rev. Stat. (here)
  2. 2022 N.J. Rev. Stat.
  3. 2021 N.J. Rev. Stat.
  4. View All Versions

2023 New Jersey Revised Statutes
Title 54 - Taxation
Section 54:5-34 - Sale; purchase by municipality; rights of municipality

Universal Citation:
NJ Rev Stat § 54:5-34 (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next

54:5-34. Sale; purchase by municipality; rights of municipality

The officer making sale shall strike off and sell to the municipality in fee for redemption any parcel of real property purchased in accordance with a successful bid made pursuant to a resolution of the governing body or at 18% any parcel of real property for which there shall be no other purchaser, and the municipality shall have the same remedies and rights as other purchasers, including the right to bar or foreclose the right of redemption.

Amended by L.1962, c. 161, s. 2; L.1975, c. 210, s. 2, eff. Sept. 25, 1975; L.1979, c. 435, s. 3, eff. Feb. 14, 1980.

Previous Next
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.