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Tax Certificate Sale. A tax certificate is an enforceable first lien against the property for unpaid real estate taxes. The certificate holder is an independent investor who actually pays the taxes for a property owner in exchange for a competitive bid rate of return on the investment. The tax certificate sale allows investors to purchase certificates by paying the tax debt.
Recordation tax (a.k.a. transfer tax) is calculated by purchase price. 1  Transactions $399,999 and under are taxed at a rate of 1.1% of the purchase price. 2  Transactions $400,000 and above are taxed at a rate of 1.45% of the purchase price.  Example 1: $300,000 x 1.1% = $3,300.