Lacey Township Tax Sale Information
Lacey Township holds an annual Tax Sale for prior calendar year delinquent municipal charges including but not limited to: Taxes, Water and Sewer charges. The Tax Sale is normally held in late January however, contact the office or visit the Township webpage for confirmation of the final date.
The Tax Collector is required by state law to hold a tax sale each year for the prior year's unpaid municipal charges. Your property is not sold at the tax sale; a lien is placed on it. The lien holder pays the debt owed to the municipality by the assessed owner of the property in return for a guaranteed interest rate on the amount paid when the lien is redeemed. The tax sale certificate that is issued is the detailed receipt of what the lien holder purchased at the tax sale' most lien holders record their liens at the Ocean county Clerk's Office to ensure redemption of the lien if the property is sold. Clear title cannot be issued for a property with recorded liens on it. At the tax sale, most liens are sold to a third party, on occasion there is not a third party interested in purchasing the lien and the lien is struck off to the municipality. If a lien is held by Lacey Township, they may begin foreclosure proceedings six months from the date of the tax sale. The lien holder also has the right to pay any municipal charges that are billed to the property once they are delinquent, and add them to the lien balance. Liens MUST be redeemed in full with guaranteed funds through the Tax Collector's office. Assessed owners of property are ultimately responsible for the municipal charges even if you are escrowing for taxes through your mortgage company.
The Tax Sale is held via an Online Auction. Instructions on bidding, to view items listed for sale and to bid can be found in the link below:
TOWNSHIP OF LACEY TAX SALE WEBSITE
click here: BASICS OF NEW JERSEY TAX SALES