A MESSAGE FROM THE BOROUGH OF MEDFORD LAKES TAX OFFICE
A UPDATED MESSAGE FROM THE BOROUGH OF MEDFORD LAKES TAX OFFICE
As everyone is aware by now, the 2007 - 2008 Tax Bills have been delayed. The reason for the delay is that the Borough had applied to the State for $375,00 in Extraordinary Municipal Aid. However, the State of New Jersey has determined that we are not eligible for aid. Council expects to approve the 2007 Budget at a Special Meeting on August 9, 2007 and then the County Tax Board will compute our tax rate and we will prepare the Tax Bills and send them out. We anticipate that the bills will be mailed out within the next two weeks. Most importantly, the grace period will be extended in order to allow residents to have sufficient time to pay their taxes. Because we were denied any Extraordinary Aid by the State, it will be necessary to recoup the difference by increasing the tax rate. We estimate the maximum that this increase would be will amount to $104.00 annually on a home assessed at the average of $148,000. This increase is independent of and will be in addition to any tax increase associated with the County, Lenape Regional School District and the Medford Lakes School District Budgets. If you have any questions or concerns, please call the Borough Offices at 609.654.8898 from 8:30 AM through 5:00 PM. The Borough Tax Collector, Ms. Sharon Deviney is available in the office on Tuesday and Thursday evenings from 5:00 PM until 8:30 PM.