How the New York City sale works
- Sale type
- Tax lien
- How often
- As needed, when eligible parcels accumulate
- Typical timing
- Nassau: annual February lien sale. NYC: periodic lien sale, subject to City Council reauthorization
- Bidding
- Lien sold to bidder; Nassau bids down interest, NYC sells liens in bulk to a trust
- Minimum bid
- Lien amount = taxes, interest, charges
- Deposit
- Per program terms
- Payment
- Per program terms
- What you receive
- Tax Lien Certificate
- Owner can redeem after the sale
- Yes
- Auction platform
- NYC Dept of Finance (lien sale)
New York rules that apply here
New York is a judicial tax foreclosure state, governed by N.Y. Real Prop. Tax Law Art. 11, especially §§1110 et seq.. Owner redemption after the sale: No. Read the New York overview →
Questions about this sale
No sale date is on record for New York City right now. Sales here are usually nassau: annual February lien sale. NYC: periodic lien sale, subject to City Council reauthorization. BackLot re-checks the official sources daily and lists a date as soon as NYC Department of Finance publishes one.
New York City runs tax lien sales, administered by NYC Department of Finance. What the winning bidder receives: Tax Lien Certificate.
Yes. New York allows the owner to redeem after the sale within the statutory period (N.Y. Real Prop. Tax Law Art. 11, especially §§1110 et seq.).
Lien sold to bidder; Nassau bids down interest, NYC sells liens in bulk to a trust. Minimum bid: Lien amount = taxes, interest, charges. Deposit: Per program terms. Payment: Per program terms.
On the NYC Department of Finance site at nyc.gov. BackLot links to it and never replaces it: check the notice before you bid.