Dear River Edge Resident,

        It has come to our attention that tax payments that are issued by the various banks have not been received by the borough to date or have arrived well after the grace period.  This is an issue involving the banks and the post office.  Unfortunately, this is not an issue unique to River Edge.   In fact, it appears to be happening statewide with certain banks.   This is their failure, and we recommend that you speak to them.  They know full well what the law is and what their obligation to you is!   So, that you are aware of the facts, this is the law that they are knowledgeable…

       Pursuant to NJSA 54:4-67, municipalities must charge interest on late payments. The law specifically states that if payment is not received by the end of business hours on the 10^th day of the grace period, interest must be charged.   Under state law, we are prohibited from waiving or canceling any interest charge.   Sadly, postmarks and postdated checks are not accepted under state law either. 

      We understand the frustration you are experiencing; however, no municipality has the authority to waive the interest on late tax payments since it is a state requirement.   In order to avoid this situation in the future, and as an option, you may take advantage of the electronic payment system through the Borough website (www.riveredgenj.org – click on the “How Do I?” tab and then click on Pay Taxes Online from the drop down menu), or  you may drop off the payment at the drop boxes located outside of the Police Department and inside the Police Department lobby.

      Again, we encourage you to take this matter up with your bank.