54:5-114.3 - Sales subject to current taxes; redemption - New Jersey Statutes

54:5-114.3.  Sales subject to current taxes;  redemption
    Any and all sales as hereinabove described shall be subject to and exclusive  of taxes for the current year and shall be subject to the right of redemption  of the owner of said property and of any person having an interest therein.

    Except as provided for by section 1 of chapter 45, P.L.1950, upon any such redemption, the municipality shall refund the full amount paid to the municipality by the holder of the tax sale certificate or by his predecessor in  title upon the purchase of such tax sale certificate from the municipality,  provided such redemption has been made within 5 years from the date of the sale  and assignment of the tax sale certificate.

     L.1943, c. 149, p. 427, s. 2.  Amended by L.1964, c. 24, s. 1, eff. July 1, 1964.