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FREQUENTLY ASKED QUESTIONS ABOUT TAX SALE What is a Tax Sale Certificate? A Tax Sale Certificate is a negotiable instrument purchased by the successful Tax Sale Purchaser. The Tax Sale Certificate is evidence that the Tax Sale Purchaser has purchased an enforceable lien against the real property which accumulates interest per annum at whatever the interest rate is for the local jurisdiction and may ultimately lead to the acquisition of the property. The minimum bid necessary to purchase a tax sale certificate is usually listed beside each delinquent parcel in the advertisement and includes gross tax, penalties and interest including any applicable cost pertaining to the Tax Certificate Sale. next » |
