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state_legiscan_drain · NJ

Permits municipalities to waive interest on certain delinquent property tax payments delivered after required due date.

June 4, 2026

Summary

If enacted, this bill would permit municipalities in New Jersey to waive interest on certain delinquent property tax payments if the payment is delivered after the required due date. Mortgage servicers managing property tax escrows would need to monitor whether local municipalities exercise this waiver and adjust escrow calculations accordingly.

Source: https://www.njleg.state.nj.us/bill-search/2026/A5220

Common questions

What does "Permits municipalities to waive interest on certain delinquent property tax payments delivered after required due date." cover?
If enacted, this bill would permit municipalities in New Jersey to waive interest on certain delinquent property tax payments if the payment is delivered…
When was it published?
It was published on June 4, 2026.

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