Paying Municipal Taxes After Owning One Certificate
After you own one tax sale cert, than if you maintain the taxes on someone else's property so there are no other tax sale certs brought to sale after the one that you purchased. My question is than how do you get any security to these additional payments to the municipality? I understand why one would do this, but I do not know what secures the investment of maintaining the taxes for the additional time before you could foreclose on the certificate for which you first purchased?? This question is for New Jersey.[ Edited by ronny on Date 07/26/2003 ]
Hi ronnie,
Every State has different laws.
When you pay taxes the Treasurer writes down that amount on the certificate so when it's redeemed, and they have a record.
Many Treasurers will not accept the money unless you have the Cert with you.
As with most questions about this subject the best person to ask is your treasurer.
Steve
Thanks,
So you bring your tax sale certificate when paying any subsequent taxes due. Now say I want to start paying any subsequent taxes for the 2 year waiting period(NJ) so I can avoid any other tax sale certificates from being issued on this property. Now what happents if the owner of the property wants to start paying their taxes even though they know for example that the year of 2002 has been sold at a tax sale, but they want to start to try to catch up and not get any further behind. So they go to the tax office and say I would like to pay for the year of 2003 1st and 2nd quarter and the tax clerk says that they have been paid by another party. What happens then??
[ Edited by ronny on Date 07/26/2003 ][ Edited by ronny on Date 07/26/2003 ]