NOTICE TO OUR TAXPAYERS REGARDING 2ND QUARTER TAXES

RECENTLY GOVERNOR PHIL MURPHY ISSUED AN EXECUTIVE ORDER ALLOWING NEW JERSEY MUNICIPALITIES THE OPTION TO EXTEND THE GRACE PERIOD FOR 2ND QUARTER TAX PAYMENTS DUE ON MAY 1ST TO JUNE 1ST, 2020.

HOWEVER, THE GOVERNOR DID NOT OFFER RELIEF TO MUNICIPALITIES WITH RESPECT TO OUR COUNTY AND SCHOOL TAX OBLIGATIONS WHICH ARE STATUTORILY EITHER QUARTERLY OR MONTHLY PAYMENTS.  IN MAY THE BOROUGH HAS BOTH A QUARTERLY AND MONTHLY OBLIGATION DUE ON MAY 15TH AS DESCRIBED BELOW.

THE BOROUGH’S 2ND QUARTER COUNTY TAXES DUE ON MAY 15TH ARE AS FOLLOWS:

MONMOUTH COUNTY TAX:

  • TOTAL 2019                                                      $3,680,082.80 (19.72%)
  • 2ND QRTR PAYMENT PRELIMINARY              $920,020.70  

LIBRARY TAX:

  • TOTAL 2019                                                      $263,255.27 (1.41%)
  • 2ND QRTR PAYMENT PRELIMINARY              $65,813.82

OPEN SPACE TAX:

  • TOTAL 2019                                                      $424,686.37 (2.25%)
  • 2ND QRTR PAYMENT PRELIMINARY              $106,171.59  

THE BOROUGH’S MONTHLY SCHOOL TAXES DUE ON THE 15TH OF EACH MONTH ARE AS FOLLOWS:

MONMOUTH BEACH SCHOOL TAX:

  • TOTAL 2019 PAYMENT                                    $4,948,962 (26.46%)                                
  • MONTHLY PAYMENT                                       $412,319.00

SHORE REGIONAL H.S. TAX:

  • TOTAL 2019 PAYMENT                                    $4,453,338 (23.79%)
  • MONTHLY PAYMENT                                       $310,939.00

THE BOROUGH MUST MEET THESE STATUTORY TAX PAYMENT DUE DATES WHILE ALSO PROVIDING FUNDING FOR DAY TO DAY BOROUGH SERVICES. 

AS A RESULT AFTER CAREFUL CONSIDERATION, 2ND QUARTER TAX PAYMENTS WILL REMAIN DUE ON MAY 1ST AND THE GRACE PERIOD WILL RUN THROUGH MONDAY, MAY 11TH.

WE APPRECIATE AND UNDERSTAND YOUR CONCERNS DURING THIS VERY DIFFICULT TIME.  HOWEVER, WE HOPE YOU CAN UNDERSTAND THE BOROUGH’S DECISION IN ORDER MEET OUR STATUTORY OBLIGATIONS. 


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