Estimated Property Tax Bills Due August 1st
Borough is sending out Estimated Property Tax Bills for the 3rd quarter taxes due August 1st. These are estimated bills as the County has not certified final property tax rates for 2023 and by law bills must be sent out at least 30 days in advance of due date (Aug 1). For more information on property tax billing and estimated taxes: 2023 Property Tax Bill & Estimated Tax Bill
Property taxes are due 4 times a year with a ten-day grace period:
- February 1, May, August 1, November 1
Failure to receive a tax bill does not exempt you from paying taxes and any interest due to late payments per State Statute N.J.S.A. 54:4-64. The Borough of Ramsey has a resolution to charge 8% on the first $1500.00 and 18% on amounts greater than $1500.00 on delinquencies. If by the end of the year, the accumulation of all municipal charges, including water and sewer and interest, are over $10,000.00, a 6% penalty is applied to the taxes.
PAYMENT OPTIONS & REMINDERS
You can sign up for email reminders using our NOTIFY ME REMINDERS.
There are 10 grace days for each quarter. Balances due but not paid at the end of the grace period are subject to delinquent interest. Payments can made in person (by check or money order) at the Tax Collector’s Office, by mail, or online at www.ramseynj.com Payments can also be dropped off at the drop box located to the right of the front doors at Borough Hall. Please enclose the quarterly stub from your bill with your payment. Your cancelled check is your receipt. If you require a printed receipt, please include a self-addressed, stamped envelope with your payment. If your check is returned to us, you will be charged a $20 fee.
Automatic withdrawal (ACH) is also offered at no charge. If interested, please complete the form ACH Direct Withdrawal Form and note that new enrollments or changes must be received at least two weeks prior to the tax due date.
If you are missing a tax bill or we do not have your correct mailing address, please contact the Tax Collector’s office.
New Property Owners: as a new property owner in Ramsey, it is your responsibility to know your property tax obligation. It could take several months before your deed is recorded at the county level and the tax office is notified. Please call our office if you need a copy of your current tax bill.
An improvement to your home increases its assessed value. This will generate an added assessment tax bill. It will be issued in October and detail the added amounts due November 1st, and February and May of the following year. The next year, the additional tax will be included in your regular bill. Sometimes, added assessment bills are retroactive for 2 full years. If you escrow your taxes with a lender, we recommend that you confirm whether or not they will pay the added amount so that it does not go unpaid and accrue interest.
If taxes, water/sewer, or any other municipal charges are unpaid from the prior year, the Tax Collector must hold a Tax Sale. Tax Sale is an enforcement of collections against a property by placing a lien on the property. New Jersey Law, N.J.S.A. 54:51.1 et seq, " The Tax Sale Law", requires all delinquent property taxes and other municipal charges be sold at a public sale annually. At this sale, an interested party will bid to "purchase" a tax sale certificate on the property. Once a tax sale certificate is issued, the purchaser holds a lien against the property. The property owner has up to two years to redeem the tax sale certificate. There are additional costs, interest, and penalties to redeem. If the certificate is not redeemed within two years, the lien holder may foreclose on the property.
The State of New Jersey Tax Relief programs are as follows:
Property Tax Freeze (also called the Property Tax Reimbursement Program)
ANCHOR – Affordable New Jersey Communities for Homeowners and Renters
Veteran and Annual Senior/Disabled $250.00 deductions