What is an Added Assessment bill

Reason for the Added Assessment

During the past year, changes have been made to your "improvements" (building addition, kitchen/bath renovation, garage, etc.), which have increased the assessed value of your property.  The Tax Assessor mailed out letters to every property owner receiving an added assessment this year, explaining the reason for the increased assessment, and the amount of same. If you have any questions regarding this assessment, or the new total amount of your property's assessed value, please contact our Tax Assessor, Neil Rubenstein (Email: nrubenstein@midlandparknj.org).

Understanding the bill

Please take a moment to look over your bill.  In the upper-left hand corner of the enclosed bill, you will see the heading "Building Desc.” and printed next to that heading is the abbreviated explanation of the improvement made to your property.   Ex. "add'n", "siding", or "bsmt fin", etc.   Below that is a section titled "ASSESSED VALUATION INFORMATION", which shows the total increase in your assessment for the next year.  That is the amount that the taxes on this bill are based on - except in the case of a pro-rated amount.

The way pro-ration works: If the improvement made to your home was finished, for example, in July 2020, the taxes due for 4th Qtr 2020 are based on 5 months (Aug-Dec), and not on the entire year.  The pro-rated assessment is shown under TOTAL in the "Assessed Valuation Information" section.   The # of months of proration is shown as the last line under the heading "Explanation of Taxes".   Midland Park’s 2020 tax rate is $3.118/$100 assessed value or 3.118%. If you have any questions regarding the computation of the tax billing for this assessment, please address them to the Tax Collector, Anna Kalata at 551-600-8280  or akalata@midlandparknj.org

Special Note to Property Owners with Mortgages

If you have a mortgage company escrowing for taxes, they may or may not pay this bill for you, depending upon your particular agreement with that company.  Some mortgage companies will NOT pay added assessment bills, simply because they have not escrowed enough tax money from you to pay it.  You are advised to call your mortgage company to determine which of you should pay the three installments shown on the bill.   The Tax Collector's office does not know which party will be responsible for this payment.  A bill is mailed to both the homeowner and the mortgage company*, so that both parties are aware of the amounts due.

*Providing that the mortgage company has made us aware of their relationship with you by sending us a "tax authorization letter", which tells us to send all bills to them directly.  To see if your mortgage company was notified