Tax Bill Update!

Tax bills will be mailed to property owners the first week of August. The grace period has been extended to September 7 by resolution of the Township Committee. Tax bills for the second half of 2004 and first half of 2005 were delayed due to recently passed state laws.
The laws require school districts with a surplus over three percent to use the excess to lower taxes and any homeland security money municipalities receive to be used for the same purpose. Due to reductions in school taxes and $50,000 in homeland security awarded by the state, the rate was reduced from $2.47 to $2.42 per hundred dollars of assessed property value. Though the municipality collects and disperses all property taxes, only $.30 per hundred dollars is used for municipal pruposes. The rest goes to schools, the county, the county library system and open space/farmland/historic preservation.