Law360, New York ( July 14, 2014, 10:26 AM EDT) -- The New Jersey Supreme Court, in In re: Princeton Office Park LP v. Plymouth Park Tax Services LLC, determined that under the Tax Sale Law, N.J.S.A. §§ 54:5-1 to -137, a purchaser of a tax sale certificate acquires a tax lien, not a lien securing the property owner's obligation to pay the amount owing to redeem the certificate. New Jersey law has long recognized that a purchaser of a tax sale certificate acquires a lien, but the particular type of lien acquired had not been plainly specified before the decision in this case....
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