Finance and Tax
PROPERTY TAX GRACE PERIOD EXTENDED TO JUNE 1, 2020
The grace period for the payment of second-quarter property taxes due on May 1, 2020 is extended to June 1, 2020, with statutory interest assessed from the statutory due date of May 1, 2020 for property tax payments received after the extended June 1, 2020 grace period.
If you have any questions, please reach out to the Borough of Norwood’s Finance Department at 201-767-7200 x4014
Click here to view the 2020 Adopted Municipal Budget
Click here to view the 2020 Introduced Municipal Budget
Click here to view the 2019 User Friendly Budget
Click here to view the 2019 Adopted Municipal Budget
Click here to view the 2018 Introduced Municipal Budget
Tax payments are available online by clicking here
Listed below are the fees that are involved when paying your taxes online:
$1.05 for E-Check
$3.95 for Debit Card Payment
2.95% of the Payment Amount for Credit Cards
The Finance Department and Tax Collection offices are open Monday, Tuesday and Thursday from 8:30am to 4:00pm, Wednesday from 8:30am-7:30pm and Friday from 8:30am till Noon, excluding holidays.
The Finance Department is responsible for all transactions relating to the revenues and disbursements of the Borough. The department keeps a full account of all cash receipts and disbursements of the Borough, has custody of all investments and invested funds of the Borough in a fiduciary capacity keeps all moneys not required for current operations safely invested or deposited in interest bearing accounts, handles the payroll for municipal employees, processes requisitions and purchase orders for payment and collects current and delinquent taxes. The Chief Financial Officer oversees the financial operations of the Borough.
Lori Gonzalez - Accounts Payable
The Borough Tax Office no-longer accepts cash, please bring a check or money order. Thank you for your cooperation in this matter. For your convenience, there is a secure drop box in between the front doors of the Borough Hall.
The Tax Collector is charged with the responsibility for receiving and collecting all taxes and assessments both current and delinquent. The Office of the Tax Collector bills over 2,000 taxpayers and collects taxes quarterly.
Taxes are due: February 1, May 1, August 1, and November 1. Please note that the Norwood Tax Office will no longer accept cash payments for taxes. You must present a check or money order.
A ten-day grace period to the 10th of the month is allowed by resolution of the Mayor and Council after which interest is charged from the first day of the month in which payments are due.
Taxpayers are urged to read all of the information contained on the front and the back of their tax bills. Please note that according to New Jersey State Law, failure to receive a tax bill does not exempt a property owner from payment of taxes. The tax bills are mailed annually, usually during the first 2 weeks of July. If you do not receive your tax bill by July 31st, please contact the Tax Office.
If you are mailing a check to pay your taxes, please be certain that you are paying the amount for the correct quarter. For payment due February 1, 2018, stub #1, first quarter 2018 taxes, is located at the bottom right-hand corner of the bill. If you would like a receipt, please send the entire tax bill with your check. Your bill will be receipted and mailed back to you. If you do not desire a receipt, then mail the property stub and check. Please make checks payable to the Borough of Norwood.
It is important to note that the municipal taxes are only a portion of a Norwood taxpayer’s obligation. Two other separate government entities, Bergen County Government and the Norwood Local Public School District, develop and adopt their won budgets funded by property taxes. However, New Jersey’s Fiscal Laws require the Municipal Government of Norwood to serve as a billing and collection agency for all three separate entities.
Forms you may download:
If you are a senior or disabled: http://www.state.nj.treasury/taxation/pdf/other_forms/lpt/ptd.pdf
If you are a Veteran or Widow of a Veteran: http://www.state.nj.treasury/taxation/pdf/other_forms/lpt/vss.pdf
You may also apply to the State of New Jersey to have your taxes frozen from one year to another: http://www.state.nj.treasury/taxation/propfrez.shtml
Resolution Fixing the Rate of Interest and Year- End Penalty
WHEREAS, R.S. 54:4-67 permits the governing body of each municipality to fix the rate of interest to be charged for nonpayment of taxes or assessments subject to any abatement or discount for the late payment of taxes or assessments as provided by law.
NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Council of the Borough of Norwood, County of Bergen, State of New Jersey that property taxes shall be due and payable quarterly on February 1st, May 1st, August 1st and November 1st of each year with a ten-day grace period, after which dates, if unpaid shall become delinquent, with interest charged as set forth below and reverting back to the due date on any quarterly installment of taxes.
NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Council of the Borough of Norwood, County of Bergen, State of New Jersey, hereby fix the rate of interest at 8% per annum of the first $1,500.00 of delinquency and 18% per annum on any amount in excess of $1,500.00.
BE IT FURTHER RESOLVED, that a 6% year end penalty be assessed on the last day of the fiscal year on delinquent accounts when in excess of $10,000.
BE IT FINALLY RESOLVED, that a certified copy of this resolution be forwarded to the Tax Collector and Borough Auditor.
Prior Years Budget Information