Revises tax lien foreclosure process to protect equity accrued by property owner in tax lien foreclosure.

This bill revises New Jersey's tax lien foreclosure process to require returning excess proceeds from property sales to former owners after lienholders are reimbursed for unpaid taxes and interest. It directly affects property owners facing tax lien foreclosures and both municipal and private lienholders under current tax sale law. The change responds to court rulings (Tyler v. Hennepin County and a New Jersey Appellate Division case) finding that retaining all sale proceeds violates constitutional protections against uncompensated property takings. The law would end the practice of "equity theft" by mandating that property equity beyond the tax debt must be returned to the original owner.