Earlier this month, Mayor Ducey and the Township Council extended the grace period for property tax payments until the end of May in an effort to help people financially impacted by the coronavirus crisis. This week, the State issued guidance that prohibited such an extension. Today, the State reversed course and Governor Murphy signed an Executive Order allowing municipalities to extend the grace period.
“When the coronavirus began closing businesses and industries, we began looking into ways to help people impacted. We researched and worked on the property tax grace period extension and we were confident that what we did was right and in line with past practices,” said Mayor Ducey. “Needless to say, when the State told us that the grace period was not allowed, we were disappointed and quite frankly, angry. We appreciate Governor Murphy listening to us and permitting us to help our residents.”
As per the Council’s resolution from the April 14, 2020 meeting, the interest rate on late payments made until May 31, 2020 will be zero percent.
Payments made on June 1 or later will be subject to the statutory interest rates retroactive to the due date as mandated by law.