FANWOOD, NJ -- In response to the recent federal tax reform, the Borough of Fanwood has issued a policy for pre-payments of taxes in 2018. The Fanwood Tax Office will be accepting payments for the first two quarters that have been billed for February 2018 and May 2018.
Residents who wish to prepay these two quarters before the end of the year can either visit the Fanwood Borough website and pay online up to 12:00 midnight on Dec. 31, 2017, or pay in person at the tax office in Borough Hall.
Hours have been extended, and the Tax Office will be open on Saturday, Dec. 30 from 9:00 a.m. - 11:00 a.m. to accept payments as courtesy to our residents who wish to pre-pay before the end of the year.
Payment must be made by the taxpayer to the municipality only. If you are paying into a tax escrow being held by a bank or mortgage company, you should work this out with them directly to prevent double payments. It also recommended that residents consult with their tax accountant or CPA and determine if pre-payment would be beneficial, for it may not necessarily benefit everyone.