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LAKEWOOD RESIDENTS TO AGAIN RECEIVE "ESTIMATED" PROPERTY TAX BILLS


As has become "regular business" since the onset of the pandemic, Lakewood residents will again receive estimated property tax bills for the third quarter taxes due August 1, 2023.




For reasons somehow connected to COVID-19, the Township of Lakewood has not yet adopted their 2023 Budget. Therefore, the Ocean County Board of Taxation is unable to certify the Township’s tax rate at this time.


Consequently, the Municipal Tax Collector will be unable to mail the Township’s 2023 tax bills on a timely basis.


To deal with this issue, the Township's Chief Financial Officer, in consultation with the Tax Collector, computed and certified an estimated Tax Levy necessary to bill third quarter taxes due August 1, 2023. They have recommended a total estimated tax rate of 2.394.


On Thursday afternoon, the Township Committee formally authorized a plan for the Tax Collector to process estimated tax bills for the Third quarter installment of 2023 taxes based on estimated tax rate computed by the Township's Chief Financial Officer, in consultation with the Tax Collector.


Under the plan, the third quarterly installment of 2023 taxes shall not be subject to interest until the later of August 10, 2023, or the 25th calendar day after the date the estimated tax bills were mailed. The estimated tax bills shall contain a notice specifying the date on which interest may begin to accrue.


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