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Frequently Asked Questions
The tax collector asked me to highlight two questions that her office often receives when tax bills go out.
1. (Q) Why are the 3rd and 4th Quarter (Aug/Nov) bills higher than the 1st and 2nd Quarter bills?
(A) As per state law, the first two quarters of the year are estimated based on the previous year’s tax rate. So, if there is an increase, in this case an approximately 3% annual increase, plus any adjustment from your Fire District, there are just two quarters to collect that increase for the County, School Tax, etc.
2. (Q) Why do you say “approximately” a 3% increase?
(A) Monroe has three separate fire districts, so each rate depends on the annual budgets of the individual districts. The approximate 3% increase does not count any adjustment made by your individual fire district this year, because that will differ depending on where you live in Monroe.
Reminder: Your next quarterly tax payment is due Aug 1st and the grace period will be extended to August 22nd, after which interest will begin to accrue from the beginning of the third quarter.
Property Tax Relief Renewed
Lastly, one of my primary goals as Mayor has been to convince the state to increase property tax relief for Monroe’s residents by expanding the former Homestead Rebate into the new ANCHOR program, and funding the Stay NJ initiative. The ANCHOR program is available to all residents (making less than $250k) and provides tax relief checks up to $1,750. The Stay NJ program will offer a 50% property tax reimbursement to homeowners 65 or older, capped at $6,500.00, or the ANCHOR benefit, whichever is greater.
I am pleased to report that through our efforts ANCHOR was renewed in the recent state budget, and Stay NJ received another year of funding toward its implementation in 2026. We will again inform and assist residents with the application process.
ANCHOR Property tax relief checks will again be up to $1,500 for those eligible. This year, residents over age 65 can apply for up to $1,750 in property tax relief.
Sincerely,
Stephen Dalina,
Mayor
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