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Telephone (732) 721-5600, Ext. 2999 • Fax (732) 607-7900
Upon the filing of certified adopted budgets by the township, the Township's Local School District, Fire Districts, and the County, the tax rate is struck by the Middlesex County Board of Taxation based on the certified amounts in each of the taxing districts for collection to fund the budgets. The statutory provision for the assessment of property, levying of taxes and the collection thereof are set forth in N.J.S.A. 54:4 et seq. Special taxing districts are permitted in New Jersey for various special services rendered to the properties located within the special district. Tax bills are mailed semi-annually in January and July by the Township. The taxes are due February 1, May 1, August 1 and November 1. A ten (10) day grace period is provided by Township resolution. Tax installments not paid by the due date are subject to 8% interest on the first $1,500.00 of the delinquency and 18% on any amount in excess of $1,500.00. Also, any delinquency exceeding ten thousand dollars ($10,000.00) pays a six percent (6%) penalty. These interest and penalties are the highest permitted under New Jersey statutes. Delinquent taxes open for one year or more are annually included in a tax sale in accordance with New Jersey statutes. Tax liens are annually assigned to the Township Attorney for "in-rem foreclosures" in order to acquire title to these properties. The Township's financial operations were fully computerized with state of the art equipment. This permits the Township to closely monitor revenues and investments. If a shortfall occurs in the collections, delinquent notices can be sent immediately. By implementing up to date collection methods, a 99.06% collection rate was achieved for 2007.
How To Read Your Tax Bill Note: For Old Bridge residents who have registered with OB-Online, there is a graphical breakdown of your tax information available. The Township of Old Bridge sends out tax bills twice a year. Once in January for the first and second quarter installments, and then again in July for the third and fourth quarter installments. The first and second quarter on the January bill, plus the third and fourth quarter on the July bill will provide the total of the full current year tax amount. To see if your tax amount has increased for the current year, you will have to do the same calculation for the prior year. Every July billing shows a comparison of the current year total to the prior year total. The calculations which are used to determine the amounts we bill are set by the Division of Local Government Services. For the first and second quarter we bill a percentage of the prior year tax. For the third and fourth quarter we are given a rate by the Middlesex County Board of Taxation and we multiply that rate by the assessed value of your home. That will give us your full year tax amount. At that time we subtract what you paid for the first and second quarter.
Items of Interest
Note:Document is in Adobe Acrobat format (.pdf). If you do not have this program, download it here. 2008 Accelerated Tax Sale (pdf file)
Note: For information purposes only. Actual Legal Advertisement will be posted in the Home News Tribune on May 28, June 4, 11, and 18, 2008. Tax Sale will be held on June 25, 2008 at 10:00 a.m. | Rebates | Staff Directory | FAQ |
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