New Jersey § 54:5-31 Sale at auction for amount advertised

New Jersey Statutes

§ 54:5-31 — Sale at auction for amount advertised

New Jersey § 54:5-31

Title 54TAXATION

This text of New Jersey § 54:5-31 (Sale at auction for amount advertised) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 54:5-31 (2026).

Text

54:5-31. At the time and place specified in the notice of sale, or adjournment, the collector shall sell at public auction each parcel of real property which has been so advertised, upon which the municipal liens remain unpaid, unless an error is found requiring readvertisement. The sale shall be made for the amount for which the parcel was advertised, unless that amount is found to be in excess of the correct amount, and then for the correct amount together with the interest thereon unless such interest has already been included in the notice of sale and the costs of sale. Amended 1965,c.187,s.2; 1991,c.75,s.46.

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54:5-31. At the time and place specified in the notice of sale, or adjournment, the collector shall sell at public auction each parcel of real property which has been so advertised, upon which the municipal liens remain unpaid, unless an error is found requiring readvertisement. The sale shall be made for the amount for which the parcel was advertised, unless that amount is found to be in excess of the correct amount, and then for the correct amount together with the interest thereon unless such interest has already been included in the notice of sale and the costs of sale. Amended 1965,c.187,s.2; 1991,c.75,s.46.