OFFICE OF THE TAX COLLECTOR 

• Real Estate taxes are due on February 1st, May 1st, August 1st and November 1st.
• There is a ten (10) day Grace Period.
• Interest is 8% per annum up to $1,500 and 18% per annum for anything owed above $1500 calculated from the time taxes become delinquent.
• The 2022 tax rate for Boonton Township is $2.427 per $100 of assessed property value. New Jersey law requires that property taxes be charged to real property at a dollars and cents rate per hundred dollars of assessed value.
• To calculate the 2022 taxes owed by a property assessed at $427,300:

$427,300 / $100 = $4,273

$4,273 * $2.427 = $10,370.57

Total taxes owed for 2022 would be $10,370.57.

• The 2022 Sales Ratio for Boonton Township is 87.06%.
• The 2023 Sales Ratio for Boonton Township is 83.62%.

NJ Division of Taxation's Property Relief Program