HASBROUCK HEIGHTS, NJ - Hasbrouck Heights residents and businesses hoping for extra time with the second quarter property taxes, due on May 1 with a 10-day grace period, will not be benefiting from Governor Murphy's Tuesday announcement that the state was authorizing extending the grace period, according to a letter from Mayor Jack DeLorenzo. The governor's announcement gave each municipality the authorization to make its own decision to extend the deadline.
While we understand that the current health crisis has affected everyone, the Finance Committee and CFO have determined that the Borough is not in a position to extend the property tax grace period. The tax due date is 5/1/2020, with the 10-day grace period allowing payments to be made, without interest being charged, until 5/11/2020.
Some of the factors taken into consideration were:
- County Taxes are due 5/15
- Scheduled payments to the Board of Education are due
- Other financial obligations must be met
If tax payments were deferred due to a longer grace period, this could put the Borough into a position where money would have to be borrowed in order to meet the financial obligations. This would result in the interest on the loan becoming the responsibility of all tax payers.
As we continue to operate in these unprecedented times, we will continue to make every effort to maintain public safety and run the borough as efficiently and effectively as possible.
Mayor Jack DeLorenzo
This had been discussed during the April 23 Hasbrouck Heights Council meeting, as Borough Administrator Michael Kronyak discussed the issue at length during his update to the Council.
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