Update: Former Township Manager Joe Hartnett has sent us a copy of the report the town council issued after the 2007 tax revaluation when all properties were re-assessed. “This is what your readers are posting about, as to why no such information was issued after the 2012 reassessments were done,” he told us.
Just when you were feeling warm and fuzzy with Montclair after the great Fourth of July Parade, this news comes in: The new estimated tax rate percentage for the 3rd quarter will increase by over 20 percent to 3.252 percent. (note: the number itself is a bit over 20% higher, but we don’t know yet what it translates to.)
This new tax rate is up from 2.561 percent. We received an email from a tipster and a call to the Tax Collector office at 205 Claremont confirms the rate increase. The Chief Financial Officer, Frank Mason is on vacation until Monday, but we’ve left a message to find out the details on how the new rate was determined.
According to the Township’s website and Tax Re-Assessment FAQ’s, “New property assessments resulting from the Re-Assessment became effective January 1, 2012. However, new assessments are not reflected in the tax bill until the 3rd and 4th quarter of 2012. The new tax rate will be determined after the School District, Essex County, and Montclair Township finalize their 2012 budgets. Municipal tax payments are due February 1, May 1, August 1, November 1 each year. There is a 10-day grace period for receiving payments.”