MILLBURN, NJ — Good news. If you haven't paid your property taxes yet, there's still time to pay without incurring interest.
As part of Executive order 130, issued by Governor Phil Murphy this past month townships were provided an option for towns to extend the grace period for taxes to be paid from May 11 to June 1. However, the Township of Millburn still has a number of financial responsibilities which they argue must be paid.
In a post on the township website, Millburn officials noted that they are responsible for the collection of all property taxes, including those that are paid to the Library, Essex County and Millburn Township School District. Additionally, the township is required to pay these entities prior to applying tax revenue to its own operations.
As a result, taxes in Millburn have remained on their May 1 due date, with a grace period ending on May 11, 2020. Any payment made after the grace period has interest calculated back to the due date of May 1st.
The post on the township website continued:
In an ideal world, those who need the grace period extended could be provided with an opportunity to take advantage of the additional time. However, the grace period either has to be extended for all or none, as the order doesn’t provide any flexibility. Furthermore, there is no simple way to determine need. Due to the massive economic impact COVID-19 has caused, extending the grace period has the potential to create inequity of benefit between resident tax payers and large banks, which pay through escrow accounts. The Township will continue to evaluate all options available.
Online payment of taxes in town is available at the following link: https://www.twp.millburn.nj.us/287/Online-Payments. Additional information about taxes in Millburn can be found here: https://www.twp.millburn.nj.us/181/Tax-Collector