This payment rolls forward at a rate of 18% as well. ![]() ![]() A 6% year end penalty is assessed on parcels whose balance exceed $10,000 at year end. All payments received in the tax office after the 7th of the quarter will be subject to interest rates of 8% on the first $1,500 and 18% on balances over that. Millburn Township has a 7 day grace period. The first half of 2024 will be revised as well based on the new lower value.Īny questions, please call the Tax Office at (973) 564-7084. Millburn Township estimates a tax rate to bill the third quarter taxes as Essex County does not have their budget complete at this time.Īll successful County Board Tax Appeals are processed as credits to the fourth quarter tax bill. *First half billing (February and May) is half of the prior year tax as an estimate going forward each year. The fourth quarter tax bills will be mailed in the middle of September. The calculation to determine the annual amount of taxes is as follows:Īnnual taxes less first three quarters equal the reconciled fourth quarter. Our 2023 certified tax rate is $1.956 per one hundred dollars of assessed value. Please be advised that our estimated bills are mailed out prior to the certification of the final tax rate. Tax Billing for Calendar Year Municipalities: Please refer to the payment stubs for amounts due by quarter. *Please note the top portion of the tax bill is the calculation of the annual current year taxes and preliminary 2023 taxes. The bottom right-hand section details the total billed tax amount due for Quarter 1 and Quarter 2, 2023.
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