PARSIPPANY — The Township of Parsippany-Troy Hills will be holding a “Tax Sale” on Thursday, June 18, at 9:00 in the Council Chambers, Parsippany-Troy Hills Municipal Building, 1001 Parsippany Boulevard.
Click here to see which properties in Parsippany are on the list. List is subject to change.
New Jersey law requires all municipalities to hold at least one tax sale per year, if the municipality has delinquent property taxes and/or municipal charges.
In New Jersey, property taxes are a continuous lien on the real estate. Property taxes are due in four installments during the year: February 1, May 1, August 1, and November 1. Delinquency on a property may accrue interest at up to 8 per cent for the first $1,500 due, and 18 per cent for any amount over $1,500. If the amount of delinquency on a property exceeds $10,000 at the end of the municipal fiscal year, the municipality may charge up to a 6 per cent yearend penalty.
If you have any additional questions, please call (973) 263-4283.
