A Tax Sale is held each year when there are prior year delinquent property taxes and/or water & sewer charges due. This is an online sale which is usually held sometime after September. The Borough is not selling your property, but we are selling a lien on your property for the amount of the delinquent charges, as well as interest and penalties. The Borough of Stanhope will sell the lien at an online auction to interested parties at a rate not to exceed 18%, and the property owner has two years in which to pay back the lien or potentially face foreclosure by the lien holder. During the two year period following the Tax Sale, the lien holder will have the right to make subsequent payments on the delinquent billings, and they will accrue interest on those payments made on the property owner’s behalf. To redeem the lien, the property owner will need to pay all charges at one time. No payment plan is available on the redemption of a lien.
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