Village of Ridgefield Park, New Jersey – Tax Sale Information

The Village of Ridgefield Park will hold its annual Tax Lien Sale Auction for unpaid 2024 property taxes and other municipal charges on Friday, December 13, 2024. The sale will be conducted in person at the Municipal Building, 234 Main St, Ridgefield Park, NJ, beginning at 11:00 AM ET on the third floor. This auction offers an opportunity for investors to purchase tax lien certificates, which may yield substantial interest rates if redeemed by property owners.

Key Auction Details:

Date: December 13, 2024
Location: Third Floor, Municipal Building, 234 Main St, Ridgefield Park, NJ
Time: 11:00 AM ET
Preregistration: Not required
Payment: Certified check, money order, cash, or wire transfer only (separate checks required for premiums)

Terms of Sale:

Interest Rates: Bidding starts at 18% interest per annum and moves downward in whole percentage points. When bids reach 0%, premium bids will start at $100 and increase in increments of $100.

Winning Bid: Awarded to the lowest interest rate or the highest premium if interest is bid down to 0%.

Interest Accrual: For liens held by the municipality, the interest rate is 8% on the first $1,500 of delinquency, and 18% on the remaining balance.

Industrial Properties: Properties subject to the Spill Compensation and Control Act, Water Pollution Control Act, or Industrial Site Recovery Act will not receive a tax sale certificate if the buyer has any connection to the previous property owner.

How to Participate:

Attend the Sale: All participants should arrive at the Municipal Building, 234 Main St, by 11:00 AM ET on December 13, 2024.

Required Documentation: Bring a completed W-9 form if available, along with contact information, tax ID, and prior lien information if applicable.

Bid Submission: Place bids starting at 18% interest; bidding proceeds to 0% and then premium bids in $100 increments.

Payment: Successful bidders will complete payment at the Tax Office on the second floor, with funds in certified checks, money orders, or cash. They accept wires, and you must provide separate checks for premium payments.

Links you might need for the Ridgefield Park Village, Bergen County, New Jersey, Tax Auction

• Ridgefield Park Village, Bergen County Tax Sale Information Link 
• Ridgefield Park Village, Bergen County Tax Collector
• Ridgefield Park Village, Bergen County County In-Person 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 Ridgefield Park Tax Sale provides an attractive opportunity for investors to acquire tax liens that earn competitive interest rates of up to 18% if redeemed by property owners. The sale format is simple and efficient, allowing bidders to participate in person without pre-registration. This annual sale is ideal for investors seeking reliable returns or potential property ownership through foreclosure, should liens go unredeemed. For more information, consult the official resources or arrive early on the day of the sale to ensure successful participation.

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