MONROE – Monroe Township tax bills are being mailed, and will include stubs for the final third and fourth quarter taxes of 2021 as well as estimated 2022 first and second quarter taxes according to state law.
“Our final budget reduces the municipal tax rate from $.493 to $.489 per $100 assessed value. This modest decrease contributed to a stable, flat rate,” Mayor Stephen Dalina said in a prepared statement.
Under the proposed plan, the average taxpayer whose house is assessed at $320,410 would pay approximately $1,500 in municipal property taxes.
Water and sewer rates will remain the same in 2021.
Residents will have 25 days from the mail date to remit payment. The grace period for payment has been extended to Aug. 31, after which interest will begin to accrue from the beginning of the third quarter, according to the statement.
Dalina announced a flat overall property tax rate for 2021 that incorporates county, school, municipal and fire tax rates.
The Monroe Township municipal tax rate has seen a less than 1% average increase over the past seven years, according to the statement.
“We are working hard together to and save our residents as much money as possible while preparing for the future of our Township,” Dalina said in the statement. “Earlier this month, for example, we refinanced $28.5 million in municipal debt, backed by a strong AA+ bond rating, that will net the township nearly $2.4 million in savings over 12 years.”
