Township of Maplewood, NJ Article II Property Taxes and Assessments

[Adopted 12-18-2007 by Ord. No. 2534-07]

§ 248-5 Interest penalty authorized; grace period.

A. The Maplewood Tax Collector be and is hereby authorized and directed to charge 8% per annum on the first $1,500 of property taxes and assessments becoming delinquent after the due date and 18% per annum of any amount in excess of $1,500 of property taxes and assessments becoming delinquent after the due date, subject to any abatement or discount for the late payment of taxes as provided by law.

B. Tax payments, due quarterly as billed, shall have a ten-day grace period from the due date in which a payment in cash, check or money order can be accepted without an interest penalty.

C. Any payment of property taxes or assessments not made in accordance with the provision of this article shall be charged interest from the due date as set forth in this article.

D. Partial payment of taxes in advance of the due date will be accepted subject to:

[Added 11-7-2018 by Ord. No. 2931-18]

(1) Minimum $1,000.

(2) Up to three payments per quarter.

(3) Interest calculated on open balance.

E. Subject to the above, overpayments will be processed, and the overpayment applied to the next quarter taxes.

[Added 11-7-2018 by Ord. No. 2931-18]

F. Property taxes scheduled for a property tax sale must be paid in full, with interest, if any, prior to the date of the tax sale in order to remove the property from the tax sale.

[Added 11-7-2018 by Ord. No. 2931-18]