Payment of Taxes

Tax bills are mailed out in July and the first payment is due August 1st. As per N.J.S.A. 54:4-64, failure to receive a tax bill does not exempt you from paying your taxes or the interest due on delinquent taxes. Taxes are to be paid on a quarterly basis as reflected in your tax bill each year. Statutory due dates for real property taxes are February 1, May 1, August 1 and November 1. Tax bills are mailed to mortgage companies and all owners of the property. Those owners whose mortgage companies escrow property taxes, receive a bill marked, "THIS IS NOT A BILL. FOR ADVICE ONLY." When your mortgage is satisfied, you should use the "ADVICE" bill to make payments. The tax bill reflects any deductions for that year and carries the full amount due for the year. The tax bill should be used for income tax purposes. The four “Collector Stubs” attached to the bill are for mailing in with your payment. The final tax bill of the current year is the 3rd quarter due August 1 and the 4th quarter due November 1. The preliminary tax is based on half of the previous tax billed, the 1st quarter due February 1 and the 2nd quarter due May 1. Please make checks payable to and mail to: Borough of Franklin Lakes.

The Borough of Franklin Lakes offers a 10-calendar day grace period for payment of taxes. Payment must be received by the last day of the grace period to avoid interest; therefore if the 10th falls on a Saturday, Sunday or Holiday, the last day of the grace period is extended to the next business day. (ie: November 10th falls on a Saturday, we are closed Monday, November 12th for Veterans day, the last day of the grace period would become Tuesday, November 13th to pay to avoid interest). Postmarks are not accepted by the State of New Jersey. Please note that on the day following the last day of the grace period, interest will be charged, reverting to the statutory due dates, at 8% on the first $1500.00 and 18% on the balance amount over $1,500.00. A year end penalty will be charged at 6% on all delinquent balances (including interest) in excess of $10,000 not received by December 31. Please read the back of the tax bill for valuable information that may answer many of your questions.

You can pay your Tax bill in person using a check, by mail with a check, by Direct Withdrawal, or by using the on-line WIPP Payment through the website.

IN PERSON: Bring check with appropriate stub to the Tax Office. If you wish a receipt, you must bring in the entire bill and we will receipt the back of the bill.

IN PERSON AFTER HOURS: For your convenience, the Borough has installed a drop box outside the Municipal Building in the event you visit the building and find the offices are closed. Please note the drop box is for checks only. No cash is to be left in the drop box.

MAIL: Send your check with the appropriate stub from the bill to: Borough of Franklin Lakes, 480 DeKorte Drive, Franklin Lakes, NJ 07417. Please do not send us post-dated checks. We cannot hold checks for more than 48 hours. Post-dated checks will be mailed back to you. A mailed check (even local mail) could take 5-7 days to reach us. Online bank payments can take up to 14 days before they are processed by the bank and a check is mailed to us by regular mail.

Please note: If mailing your payment, include your entire tax bill with a self-addressed, stamped envelope, if you need a receipt.

Payment must be received in our office by the 10-calendar day grace period to avoid interest charges. Please note that our office does not accept postmarks as proof of timely payment.