*Homestead Benefit Tax Credit*
The Township of Wall has been informed by the New Jersey Department of Treasury that as a result of the State’s economic uncertainty due to the unprecedented onset of COVID-19, a freeze was placed on the distribution of Homestead Benefit Credits.
Tax Bill mailing /due date information
May Taxes - Due to the Governors executive order,
The grace period has been extended to June 1st.
**Payments received after that date will accrue interest back to May 1st.
** Direct debit will be run on May 19th
Due Date for the 3rd Quarter will be TBD on mailing date
Direct Debit will be deducted ~ TBD
** Interest will be charged back to August 1st if received after Due date
Tax bills are mailed once a year, usually during the month of July. The tax office will mail a tax bill to a new property owner, when they receive notification from the County that there has been a change of ownership.
NOTE: The validity of any tax or assessment, or the time at which it shall be payable, shall not be affected by the failure of a taxpayer to receive a tax bill, but every taxpayer is put on notice to ascertain from the proper official of the taxing district the amount which may be due for taxes or assessments against him or his property. N.J.S.A. 54:4-64
DUE DATES FOR TAXES
1st Quarter – Due February 1st
2nd Quarter – Due May 1st
3rd Quarter – August 1st
4th Quarter – November 1st
The Township of Wall, by passage of a yearly Resolution, allows a grace period before charging a penalty for late payment of taxes. Delinquent interest is charged after the 10th day of the month that taxes are due. The State of New Jersey does not allow the Tax Collector to accept postmarks; therefore all payments must be received in the tax office on or before the 10th. If the 10th falls on a weekend or legal holiday, the taxpayer has until the next business day to make a payment.
DELINQUENT INTEREST CHARGED ON TAXES
By law, the Township of Wall has adopted by Resolution an interest rate of 8% per annum on the first $1,500.00 of delinquency and 18% per annum on any amount in excess of $1,500.00. The Tax Collector is also authorized to charge a taxpayer having a tax and sewer delinquency in excess of $10,000.00, at the end of the calendar year, a Year-End-Penalty of 6%. N.J.S.A. 54:4-67
TAX RELIEF PROGRAMS
Programs offered by State of New Jersey:
Other Property Tax Benefits:
Annual Property Tax Deduction for Senior Citizens, Disabled Persons: Annual deduction of up to $250.00 from property taxes for homeowners age 65 or older or disabled who meet certain income and residency requirements.
Annual Deduction for Veterans: Annual deduction of up to $250.00 from taxes due on the real or personal property of qualified war veterans and their unmarried surviving spouses/surviving civil union partners/surviving domestic partners.
Property Tax Exemption for Disabled Veterans: Full exemption from property taxes on a principal residence for certain totally and permanently disabled war veterans and their unmarried surviving spouses/surviving civil union partners/surviving domestic partners. Unmarried surviving spouses/surviving civil union partners/surviving domestic partners of service persons who died on wartime active duty may also qualify.