A penalty of 6% will be charged on any delinquency in excess of $10,000.00 if not paid by the end of the fiscal year.
However, if the 10 day grace period is exceeded, the interest accrues from the 1st of the month that the payment is due. Montgomery Township provides a 10 day grace period for payment of taxes. Once the 18% per annum has been established, it will remain at 18% until the outstanding amount is zero. Unpaid taxes remaining by the 1st day of February, May, August or November are subject to interest at the rate of 8% per annum up to $1500.00 and 18% per annum over $1500.00. If mailing your payment, allow sufficient time for the mail to arrive prior to end of grace period to avoid interest charges.įurthermore, since the Township of Montgomery must deposit all checks that are received within 48 hours of receipt as required by New Jersey State Statute, the Township cannot hold any checks for a period of time hence, the Township cannot accept postdated checks. Interest will typically be charged on all payments made more than ten (10) days after the due date (see above exception of delay on our part).Ī payment will not be applied towards an account until it is in physical possession of the Township, regardless of postmarked date. Tax bills are payable quarterly typically on the 1st day of February, May, August and November, after which date they are delinquent and subject to interest. Taxes are paid at the tax collector’s office or by online payment. Thank you for your patience in this matter. The grace period for the third quarter payment will be adjusted to reflect this.
PLEASE TAKE NOTE: The mailing of third quarter property tax bills will be delayed until we receive the final tax rates from Somerset County.
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