MONTVILLE, NJ – The Montville Township Committee voted to extend the grace period for struggling homeowners to June 1, after issuing a statement April 29 stating that all homeowners had to pay their property taxes on time.
“On April 28, the date Executive Order 130 was provided to the township, many residents had already paid their property taxes and the majority of the outstanding balance for the quarter was due from the banks, financial institutions, and mortgage companies who pay property taxes on behalf of the homeowner,” Mayor Frank Cooney stated at the May 12 township committee meeting. “The order did not extend the town’s obligation to pay the board of education and the County of Morris. So, the obligation for the township to pay the county and school are still in place, since the state failed to extend such due dates.
“Every town needed to review their cash flow to be certain that an extension [would] not cause a shortfall in cash and the township [would] be able to meet its statutory obligations. Now that we have the funds from the mortgage companies, financial institutions, and banks, we can offer this courtesy to our residents who are financially struggling as a result of this pandemic. This extension is the maximum extension permitted by law – an extension to June 1. We are pleased to take this action knowing that the township is still able to meet all of its financial obligations.”
The resolution the township committee passed, 2020-162, states that “the administration has taken the necessary financial steps to accommodate the extension of the second-quarter payment to June 1, 2020, the latest date permitted by law.” If taxes are not paid by June 1, the township is obligated to “assess applicable interest and penalties as set forth by law.” The resolution is retroactive to May 11, when the statutory grace period ended.
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