Sparta New Jersey Tax Lien Certificates
The collection of real estate taxes for properties located in Sparta New Jersey is a major priority for the Sussex County New Jersey Tax Collector. Real estate taxes fund local services such as public education, police protection and medical services.
Delinquent property taxes create a serious cash-flow problem for Sussex County New Jersey. If Sussex County New Jersey is unable to collect property taxes, they are also unable to fund important government services like police protection, public schooling, and emergency medical services.
Without the tax revenue generated from real estate located in Sparta New Jersey, Sussex County New Jersey would literally go bankrupt.
To solve this cash-flow problem, Sussex County New Jersey allows investors to come in and pay off a portion of these delinquent property taxes.
In return, Sussex County New Jersey gives investors New Jersey tax lien certificates. A tax lien certificate is a document indicating ownership of a real estate tax lien. A tax lien is simply a claim for taxes.
An New Jersey tax lien certificate transfers all the rights that come with being the owner of the real estate tax lien from Sussex County New Jersey to the investor.
When you buy tax lien certificates in New Jersey, you are paying someone else's delinquent property taxes. What's more, New Jersey actually gives you the right to receive all of the tax money due - including fees, high interest, and penalties.
To encourage delinquent owners to pay their past-due property taxes, the state of New Jersey charges up to 18% per annum on the amount paid to satisfy the delinquent taxes, which is passed directly to the tax lien certificate purchaser.
Everyone is happy, Sussex County New Jersey gets their money and you get a real estate secured, high-yielding return on your investment.
For "risk-sensitive" investors New Jersey tax lien certificates are the ideal investment. Basically, you are investing your money with Sussex County New Jersey and when the Sussex County New Jersey Tax Collector collects the past due taxes, they send you a check, returning what you paid to purchase the New Jersey tax lien certificate plus penalties, interest, and/or late fees.
New Jersey tax lien certificates are safe in several ways. They are safe because the rise and fall of interest rates has no effect on New Jersey tax lien certificates. Unlike the stock market, interest rates on New Jersey tax lien certificates are mandated by New Jersey law.
In addition, New Jersey tax lien certificates are secured by real estate. So if you do not receive what you paid to purchase the New Jersey tax lien certificate plus interest and/or penalties within the law mandated redemption period, then by law Sussex County New Jersey has the legal right to give you the property - debt free with no mortgage!
So in review, there are two ways you can profit; either you will get what you paid to satisfy the delinquent property taxes PLUS a profit rate up to 18% per annum, or Sussex County New Jersey has the legal right to give you the property - debt free with no mortgage!
Once you own the property you can do whatever you like; sell it for huge profit checks, rent it for monthly cash-flow, or if you like, even move in with no mortgage payment. The choice is yours, the property belongs to you.
As with all investments, there is always an element of risk. Even if the interest rates are written into New Jersey law, mandated by New Jersey law, and are regulated by New Jersey law, there is a chance of you losing part or all of your investment. You must always try to get the best education and practice safe investing, no matter which investment vehicle you choose.
Sparta New Jersey Discussion
Below you will find a collection of the latest user questions and comments relating to Tax Lien Certificates on tax-delinquent property located in Sparta New Jersey.
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Cities located in Sussex County
The following is a list of cities and towns located in Sussex County New Jersey.
Tax Lien Certificates for properties located in the following cities are sold at the Sussex County New Jersey tax sale.
|Barry Lakes, NJ||7,107|
|Beaver Lake, NJ||5,817|
|Byram Township, NJ||9,004|
|Byram Twp, NJ||9,004|
|Cliffwood Lake, NJ||3,644|
|Fredon Township, NJ||25,918|
|Fredon Twp, NJ||25,918|
|Green Township, NJ||9,004|
|Green Twp, NJ||9,004|
|High Point, NJ||18,410|
|High Point Park, NJ||18,410|
|Highland Lakes, NJ||7,107|
|Highland Lks, NJ||7,107|
|Lake Stockholm, NJ||3,644|
|Lake Tamarack, NJ||3,644|
|Mc Afee, NJ||59|
|Silver Lake, NJ||3,644|
|Wallkill Lake, NJ||18,410|
|Wantage Twp, NJ||18,410|
Counties located in New Jersey
The following is a list of counties located in the state of New Jersey.
Tax Lien Certificates for properties located in the following counties are sold at New Jersey county tax sales.
Learn more about each county's individual tax sale process by clicking on the name of the county for which you are interested from the list below:
|County / Municipality:||Population:|
|Atlantic County, NJ||252,552|
|Bergen County, NJ||884,118|
|Burlington County, NJ||423,394|
|Camden County, NJ||508,932|
|Cape May County, NJ||102,326|
|Cumberland County, NJ||146,438|
|Essex County, NJ||793,633|
|Gloucester County, NJ||254,673|
|Hudson County, NJ||608,975|
|Hunterdon County, NJ||121,989|
|Mercer County, NJ||350,761|
|Middlesex County, NJ||750,162|
|Monmouth County, NJ||615,301|
|Morris County, NJ||470,212|
|Ocean County, NJ||510,916|
|Passaic County, NJ||489,049|
|Salem County, NJ||64,285|
|Somerset County, NJ||297,490|
|Sussex County, NJ||144,166|
|Union County, NJ||522,541|
|Warren County, NJ||102,437|
Tax Lien University, Inc. is an educational organization, and individual performance depends upon the individual skills, time availability, and dedication of each student. Testimonials included may not represent typical results. Unique experiences and past performances do not guarantee future results. Tax Lien University, Inc. its owners, employees, and affiliates do not give investment or financial advice and are not licensed as brokers by or registered as advisors with any agency. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.
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The Rule of 72 Calculator
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For example, if you want to know how long it will take to double your money at eighteen percent interest, divide 18 into 72 and get 4 years.
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"I purchased 3 tax lien certificates at an internet auction for Miami-Dade County, Florida. All three were buildable vacant lots in moderate income neighborhoods. The prices were: (1)$1,018.86 (2) $1,224.90 (3) $1,654.82. I got 18% interest on all of them. I placed 39 bids in total."
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