City of Newark, New Jersey Tax Lien Sale Information

The City of Newark of Essex County will conduct its Annual Tax Lien Sale Auction on December 6, 2024, via an online auction on Realauction Newark. Bidders must register by November 29, 2024, and deposits must be received by 4:00 PM ET on the same day.

Key Auction Details:

Date: December 6, 2024
Location: Online at Realauction Newark
Time: Begins at 8:00 AM ET
Registration Deadline: November 29, 2024, by 4:00 PM ET
Deposit: Minimum $1,000 or 10% of anticipated winnings (via ACH only)
Payment Method for Winning Bids: Wire transfer by 2:00 PM ET on December 6, 2024

Terms of Sale in Newark:

Interest Rate Bidding: Bids start at 18% and can be reduced to 0% in increments of 1%.

Premium Bidding: In the Newark auction, All bids are final, and you cannot cancel a certificate after you purchase it.

Winning Bid: Awarded to the lowest interest rate or highest premium.

Redemption Period: The property owner can redeem the lien by repaying the tax owed plus the interest rate bid.

Finality: Once you purchase a certificate, you cannot cancel it, and all bids are final.

How to Participate in The Auction:

Register Online: Register at Newark Tax Sale Registration by November 29, 2024.

Attend Online Auction: Log in on December 6, 2024, at Realauction Newark.

Bidding Process: Bid down the interest rate or bid up a premium on 0% interest liens.

Payment of Winning Bids: Complete final payments by wire transfer to the City of Newark’s Tax Collector by 2:00 PM ET on the same day.

Links you might need for the City of Newark Essex County, New Jersey, Tax Auction

• City of Newark, Essex County Tax Sale Information Link 
• City of Newark, Essex County Finance Department
• City of Newark, Essex County Online Auction Site
• New Jersey tax liens offer a unique way to grow your wealth
• Learn How Does Tax Lien Investing Work
• Want to get started with Tax Liens? Click Here!

The Newark Tax Lien Sale offers investors an opportunity to acquire liens on properties with unpaid taxes, earning interest if the owner redeems the lien. Winning bidders may initiate foreclosure after two years of non-redemption, potentially leading to property ownership. This auction is ideal for seasoned investors and those familiar with the tax lien process in New Jersey. Ensure you complete thorough research and follow all bidding rules to successfully participate in the City of Newark’s tax lien sale.

For additional information, please contact the City of Newark Finance Department.

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