Office Hours: Monday through Friday 8:30 a.m. to 4:30 a.m.

                

Phone: 732-219-0812       E-Mail: lgeraghty@littlesilver.org

Payments

 

There is now an after-hours drop box for tax payments. The drop box is located in the Police Station (side door of Borough Hall), on the wall next to the dispatcher’s window.

Please note: No cash is accepted in the drop box. Payments dropped off after close of business will be credited or posted to account the following business day.

Tax payments should be mailed to:

                           Borough of Little Silver

                           480 Prospect Avenue

                           Little Silver, N.J. 07739

 

Tax bills can also be paid in person at Borough Hall, Tax Collector’s Office, 480 Prospect Avenue.

 

Tax bills are mailed once a year in the month of July. The bill has four payment stubs, with the first payment being due on August 1^st. Quarterly Tax Payments are due on February 1^st, May 1^st, August 1^st, and November 1^st. Normally, there is a 10 day grace period for each payment due. If tax bills are delayed, the grace period is extended to 25 days from the date of mailing of the bills. In accordance with New Jersey State law, payments made after the grace period accrue interest at the rate of 8% per annum for the first $1500 due and 18% per annum for all amounts owed over $1500.

 

Your tax bill is calculated based on the assessment of your property, which is set by the Tax Assessor on October 1^st of the previous year, which is then multiplied by the current year’s tax rate. The yearly bill is a combination of the Municipal, Board of Education and County tax rates, which are set upon the adoption of each entity’s respective budget. The February and May tax payment amounts due are estimated and equate to ½ of the previous year’s total bill. The August and November payments due are based on the total taxes due for the year less the 2 payments previously billed for February and May to arrive at a balance due for the year that is then divided into two quarterly payments.

 

The Monmouth County Board of Taxation website, tax.co.monmouth.nj.us, has assessment information (including instructions on how to file an appeal of your assessment), records search and municipal data.

 

Remittances requiring receipts must be accompanied by the entire tax bill and a self addressed stamped envelope. Otherwise, detach the appropriate stub and mail with your payment to the Office of the Tax Collector. Your canceled check will be your receipt.

 

The State of New Jersey has instituted several rebate programs regarding propertytaxes.

For information on the Property Tax Rebate Program (“tax freeze”), you may call

1-800-882-6597. For information on the Homestead Rebate call 1-877-658-2972.

You may also qualify for a $250 senior citizen deduction or a $250 veteran deduction. For information on these deductions, you may call either the Tax Collector’s or Assessor’s Office.

 

If improvements are made to your home, you may receive an “added assessment” bill in October. This bill must be paid in addition to your regular tax bill. If your mortgage company is paying your taxes, a copy of the assessment bill will be mailed to them. However, not all mortgage companies pay added assessments. It is ultimately the homeowner’s responsibility to find out if the mortgage company will pay or if the homeowner must submit payment directly to the tax office.

Tax bills are only mailed once a year and are not always transferred at closing. It is the new homeowner’s responsibility to obtain tax information. A copy of your tax bill is always available at our office per your request.

 

Any municipal lien, (including sewer balances) remaining unpaid on the eleventh day of the eleventh month of the current fiscal year is subject to tax sale at any time thereafter per N.J.S.A. 54:5-19.

 

 

 

 

 

 

 

 

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