With additional state school funding and federal grants, as well as a reduction in municipal debt, the overall town-wide tax rate (county, school, municipal, and fire districts) will slightly increase by about 0.0065% - less than 1%. Monroe Township continues to have the second overall lowest tax rate of the 25 municipalities in Middlesex County.
Residents will have 25 days from the mail date to submit payment. The grace period for the 3rd quarter payment has been extended to Friday, September 2nd, after which interest will begin to accrue from the beginning of the third quarter.
“Our focus is affordability, saving our residents as much money as possible while preparing for the future of our Township,” Mayor Dalina added. “I fought hard for the new `Anchor Property Tax Relief Program,’ now part of the fiscal ’23 state budget.”
This state program will provide much-needed property tax relief over the next year for Monroe residents earning under $250,000 annually.
“The state must distribute these Anchor funds to our residents by June 2023,” the Mayor said. “I have encouraged the state to disburse this property tax relief as soon as possible, as many of our residents need the funds now. I will keep residents updated on this important program.”
