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Taxes

Monday, April 15, 2013

What Time are Taxes Due on April 15?

You can file with the IRS through Monday, but there's still time to request an extension.

If you haven't filed your taxes yet, you have until 11:59 p.m. today, April 15, to do so, or earlier if you plan on using snail mail. Those who haven't finished completing their returns can get an automatic six-month extension. The fastest and easiest way to get the extra time, the IRS says, is through this Free File link — use the free service to electronically request an automatic tax-filing extension on Form 4868. Filing this form gives taxpayers until Oct. 15 to file a return and allows individuals to avoid a late-filing penalty. To get the extension, you must estimate your tax liability and also pay any amount due. Here's tax deadlines according to efile.com: Tax Changes for 2013 Tax Year:  When you file your 2012 taxes, you might …

Tuesday, November 13, 2012

Hurricane Sandy and Property Tax Information 2013

Only nine weeks remain to provide notice to municipal assessors if storm-related property damage occurred between Oct. 1 and Dec. 31.

The following appears on Assemblywoman Nancy F. Muñoz's website: Due to the major property damage caused by Hurricane Sandy, many property taxpayers are faced with value assessments that are no longer accurate.  There is a provision of law that could lead to corrected, lower assessments, but it must be invoked by a certain deadline as noted below.  Under current State law, property value is assessed based on the condition of the lot and the buildings as of October 1st for the following tax year.   In other words, the 2013 property tax bills are based on the value of the property as of October 1, 2012.  However, State law contains a provision which states that a property with a building or other structure that has been destroyed by a storm …

Monday, February 27, 2012

Christie Team Underestimates Cost of Income Tax Cut

Price tag would jump from $197 million next year to over $1.3 billion by FY2016

By Mark J. Magyar, NJSpotlight.com Governor Chris Christie’s proposed 10 percent across-the-board income tax cut will cost the state budget hundreds of millions of dollars more than previously acknowledged. Budget documents and public statements by the governor and other administration officials put the cost of the phased-in income tax cut at $183.3 million in the first year and just under $1.1 billion when fully implemented. But an NJ Spotlight analysis showed that the actual first-year cost of the income tax cut is $197.3 million and that the total cost in Fiscal Year 2016 could easily top $1.3 billion. The cost of the income tax cut is a crucial issue as Christie and Democratic legislative leaders debate the relative merits of an income…

neil

7:24 am on Tuesday, February 28, 2012

What is hard to believe is that you dont give your heartfelt thanks to the 1%....dont you realize the top 1% of wage earners in this state pay almost 40% of the income tax ..that is 40,000 people paying 40% of the bill for 8,000,000 of us.   more ›

Monday, February 6, 2012

Make Those Property Tax Payments Now

To avoid interest on the first quarter taxes, you must pay the bill by Tuesday.

The last day of the grace period for paying your first quarter property taxes is Tuesday. After that, you’ll start paying interest. If you haven’t put it in the mail already, your safest bet is to drop it in the drop box at Town Hall or go online to pay on the township website. If you are willing to take a chance that it will make it there in one day, you can also mail it to the Tax Collector's Office at P.O. Box 1034, Millburn, NJ 07041. For more information, call the Tax Collector's Office at 973-564-7083.

Friday, December 17, 2010

Township Officials See Civil Service Reform Bill as First Step

The bill provides a number of changes, but it doesn't allow communities like Millburn to opt-out of the program.

Millburn officials didn't get an opt-out option for civil service in the state's reform bill, but they're happy some reform is happening. Earlier this week the New Jersey Legislature passed a bill of reforms pushed by Gov. Chris Christie as his "toolkit" for municipalities to cut spending, and it included several changes to how civil service works. Millburn is classified as a civil service community. Millburn township officials have long pushed for civil service reforms, and Township Administrator Tim Gordon has testified in Trenton in recent months about it. He most recently testified last week on the bill that passed earlier this week. "It's not a whole loaf of bread," Gordon said of the bill not including the opt-out option. "But I'll …

Friday, July 30, 2010

Third-Quarter Tax Payments Due

Payments are due on or before Aug. 9 to avoid an interest charge.

Millburn third-quarter tax bills are due on Sunday, but taxpayers have until Aug. 9 to pay. Taxpayers have a seven-day grave period to avoid interest charges, but Aug. 7 falls on a weekend. Payments are due on or before Aug. 9 to avoid the extra charge. Mail tax payments to Tax Collector's Office, P.O. Box 1034, Millburn, NJ 07041, place them in the drop box located outside of Millburn Town Hall or pay online using the official Township website at  www.twp.millburn.nj.us For further information, contact the Tax Collector's office at 973-564-7083.

Wednesday, July 14, 2010

Township Officials Say Toolkit Needed to Make Tax Cap Work

They say the cap on arbitrators awards is what's needed the most.

Gov. Chris Christie signed the 2 percent property tax into law on Tuesday, but local officials think state lawmakers need to get the toolkit approved for it to have a chance to work. Christie signed the compromise bill into law after he originally proposed a constitutional amendment to cap property tax increases at 2.5 percent. The measure cuts the number of exceptions allowed from the cap, but the exceptions remain include employee pension payments, health care, debt service and emergencies. But state lawmakers have yet to approve a package of bills Christie has dubbed a "toolkit" for local officials to control costs. Mayor Thomas McDermott said it's important for those tools to be approved in order to make everything work properly. …

Wednesday, June 9, 2010

Township Within Budget Cap; Committee Approves Estimated Tax Rate

There was some confusion about the cap on the budget increase Tuesday night, and the estimated tax rate was set at 1.792.

There was some confusion over if the township is within the budget cap restrictions for 2010 during the Township Committee meeting Tuesday night. But Township Administrator Tim Gordon assures that the town is legally within the cap, saying the cap is a calculation rather than a straight allowable percentage increase. The confusion came when Peter Humphreys, who is running for Township Committee in November, questioned if the township was within the cap. The committee was preparing to approve an ordinance allowing the township to exceed the cap. Humphreys said previously officials have said they have never used the ordinance to exceed the cap but are doing so this year. It caused the committee to delay the vote as Gordon went into his …

Zoinks

5:28 pm on Wednesday, June 9, 2010

Another reason to keep the grandstanding Humphreys off the Committee. Imagine the meeting dragging and nothing being accomplished if he is there on the Committee only caring about hearing the sound of his own voice.   more ›

Tuesday, May 18, 2010

McDermott Endorses 2.5 Percent Tax Cap

He is one of 39 mayors from Bergen, Essex, Hudson, Passaic and Union counties to support the governor's proposal.

Millburn Mayor Thomas McDermott is one of 39 mayors to support Gov. Chris Christie's proposal for a 2.5 percent property tax cap, but he believes more conversation needs to happen. Christie's office released a press release Tuesday afternoon stating 39 mayors from Bergen, Essex, Hudson, Passaic and Union counties have endorsed his proposal for a constitutional amendment for a 2.5 percent cap on property tax increases. Christie announced his proposal for the cap and additional measures a week ago, which also increase a cap on union arbitrator awards and civil service reform. McDermott said the cap is the right thing to do because property taxes need to be controlled. "We've always had one and we work within it," he said of the cap system …

Damian

6:25 pm on Tuesday, May 18, 2010

Finally an instrument that will force municipalities to control costs, not just raise taxes willy nilly. We're at such an advantage over neighboring towns because of our huge Short Hills Mall ratable, and we still mangage to carry the states highest average municipal taxes. Christie is doing what he was voted in to do. Amen.   more ›

Friday, May 14, 2010

Town Officials Say New Revenue Sources Needed for Tax Cap to Work

Gordon, McDermott say state shouldn't remove aid and should grant municipalities new ways to increase revenues.

Township Administrator Tim Gordon has said he's waiting for Gov. Chris Christie to supply him tools for his toolbox to control municipal budgets and keep property taxes down. The governor this week presented a package of changes he says will help control property taxes, and tools for municipal governments to control costs, which includes a 2.5 percent property tax cap. The proposal includes a constitutional amendment to implement the cap on property tax increases. In response, Gordon said he'd rather equip his own toolbox. He doesn't think the package goes far enough to help municipal governments and could hurt local governments. "You can't take away state aid and say you're working on property tax relief," he said. He said Massachusetts …

Noreen Brunini

3:22 pm on Friday, May 14, 2010

What Mr Gordon and McDermott seem to be missing under this budget scenario is that Gov Christie wants to force the local school districts and municipalities to cut services from their budgets rather than Gov Christie cutting services or funds from his own state budget. The Gov doesn't seem to care what is impacted as long as cuts are made. I imagine when Christie goes to stand for re-election he …   more ›

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