In response to the recent federal tax reform, the Borough has issued a policy for prepayments of taxes in 2018. The Tax Office will be accepting payments for the first two quarters that have been billed for February 2018 and May 2018.
If residents wish to prepay these two quarters before the end of the year, they can either visit the Borough website and pay online up to 12 midnight of December 31, 2017 or pay in person at the tax office in Borough Hall. Hours have been extended and the tax office will be open on Saturday, December 30 from 9 a.m. – 11 a.m. to accept payments as courtesy to our residents who wish to prepay before the end of the year.
Payment must be made by the taxpayer to the municipality only. If you are paying into a tax escrow being held by a bank or mortgage company, you should work this out with them directly to prevent double payments. It also recommended that residents consult with their tax accountant or CPA and determine if prepayment would be beneficial, for it may not necessarily benefit everyone.
Mayor Colleen Mahr and the Fanwood Borough Council