RARITAN TWP., N.J. – The township committee has given property owners more time to pay their quarterly tax bills in light of the COVID-19 pandemic.
In a resolution approved during the committee’s June 2 meeting, the grace period for the third and fourth quarters of 2020 have been extended for the first $10,000 due for the quarter. That means property owners have until Sept. 1 to pay their third quarter bills and until Dec. 1 to pay their fourth quarter bills.
Anyone who pays at least a day after the grace period ends will be responsible for any accrued interest going back to the original due date.
For example, anyone who pays for the third quarter on Sept. 2 would be responsible for interest calculated back to Aug. 1.
The committee approved the resolution after an order from the director of the state Division of Local Government Services authorized municipalities to institute a grace period “for the first $10,000 determined to be due and required to be paid for the property tax quarter, not to extend beyond the first calendar day of the next calendar month immediately following the quarterly property tax installment date.”