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Tax and Finance

Tax and Finance

The Tax and Finance Collectors offices are open Monday to Friday from 9:00 AM to 4:00 PM.

Chief Financial Officer M. Alissa Mayer can be reached at 201-818-4400 ex. 205.
Tax office can be reached by calling 201-818-4400 ex 206.
Finance office can be reached by calling 201-818-4400 ex 207.

The Chief Financial Officer is responsible for the effectively maintaining the financial administration of the Borough, overseeing its resources, and supervising/coordinating the administration of all major finance areas.

Working with the Mayor, the fiscal responsibilities of this department begin with the budget process including preparation, monitoring and studies for future cost containment.

The CFO also maintains custody of all local funds, controls debt management, budget planning and forecasting, and implements the cash management policy to achieve interest maximization on investments. The CFO is also responsible for the timely disbursement of funds.

Further, the CFO is responsible for the preparation of payroll and the maintenance of all municipal accounting records.

Additionally, the CFO provides management with accurate, timely reporting and analysis of all financial information. These reports are also a planning tool for the governing body in setting the long-term goals and objectives of the Borough and to provide for prudent management of the Borough's resources.

MUNICIPAL BUDGET OF THE BOROUGH OF ALLENDALE

COUNTY OF BERGEN

FOR FISCAL YEAR 2008

REVENUE AND APPROPRIATIONS SUMMARIES


Summary Of RevenuesAnticipatedAs Anticipated
20082007 Final
1. Surplus615,661.00834,000.00
2.Total Miscellaneous Revenues2,623,423.102,666,470.00
3. Receipts From Delinquent Taxes371,773.00150,000.00
4. A) Local Tax For Municipal Purposes8,442,539.007,952,133.00
B) Addition to Local District School Tax0.000.00
Total Amount To Be Raised By Taxes For Support Of The Municipal Budget
8,442,539.007,952,133.00
Total General Revenues12,053,396.1011,602,873.00



Summary Of Appropriations
20082007(Final)
1. Operating Expenses: Salaries & Wages 3,886,802.003,729,943.83
Other Expenses5,973,458.105,698,727.92
2. Deferred Charges & Other Appropriations403,000.00387,000.00
3. Capital Improvements37,500.0019,000.00
4. Debt Service (Include For School Purposes)1,311,636.001,343,827.00
5. Reserves For Uncollected Taxes441,000.00431,000.00
Total General Appropriations12,053,396.1011,609,498.25



2008 Dedicated Water Utility Budget
Summary Of Revenues
20082007
1. Surplus135,000.00225,000.00
2. Miscellaneous Revenues1,678,277.001,464,919.00
3. Deficit (General Budget)
Total Revenues1,813,277.00 1,689,919.00

Summary Of AppropriationsBudget
20082007(Final)

1. Operating Expenses: Salaries & Wages
366,956.00385,207.00
Other Expenses827,300.00789,835.00
2. Capital Improvements160,000.00194,000.00
3. Debt Services415,571.00278,498.00
4.Deferred Charges & Other Appropriations43,450.0042,379.00
5.Surplus (General Budget)
Total Appropriations 1,813,277.001,689,919.00



Balance Of Outstanding Debt
General Water Utility
Interest 475,274.00162,264.00
Principal868,662.00
253,307.00
Outstanding Balance16,722,120.004,473,991.00

Notice is hereby given that the 2008 Budget and Tax resolution was adopted on July 10, 2008 by the Governing Body of the Borough of Allendale, County of Bergen.

Copies of the 2008 budget are available in the office of Gwen McCarthy, Borough Clerk at Borough Hall, 500 West Crescent Avenue Allendale, N.J. during the hours of 9:00 AM to 4:30 PM.

Office of Tax Collection

The Tax Collector's office is located at 500 West Crescent Avenue, Allendale, N.J. The hours of operation are from 9:00 a.m. to 4:00 p.m. Monday thru Friday. The tax office can be reached by calling (201) 818-4400 ex 206.

The Tax Collector is responsible for the billing, collection, reporting and enforcement of municipal taxes for the Borough of Allendale. Tax bills are mailed out in July and the first payment is due August 1st.

Property taxes are due on February 1, May 1, August 1 and November 1. Failure to receive a tax bill does not exempt you from paying your taxes or the interest due on delinquent taxes. The Borough does permit a 10 day grace period. The State of New Jersey does not permit postmark, taxes must be received in the office before the 10th however, if the 10th falls on a weekend or legal holiday you have until the next business day to make payment. All payments may be made in cash, check or money order. The interest rate charged for late payment of taxes is 8% on the first $1,500.00 plus 18% on the amount over $1500.00. Please read the back of the tax bill for valuable information that may answer many of your questions.


As a statutory officer of the State of New Jersey, the Tax Collector is obligated to follow all the State Statutes regarding property tax collection including dates, interest on delinquent tax payments and tax sale procedures.

Bills may be paid in full by adding the amounts on the four numbered stubs. This covers the last half of the current year and the first half of the following year.

Taxes and any other municipal charges open as of December 31 are a lien against the property and are subject to tax sale.

It is important to note that the municipal taxes are only a portion of an Allendale property taxpayer’s obligation. Three other separate governmental entities, Bergen County Government, the Local Public School District and the Northern Highlands Regional School District develop and adopt their own budgets that are funded by taxes.
New Jersey’s fiscal laws require the municipal government of Allendale to serve as a billing and collection agency for all three separate entities.

Tax Rate

The 2008 Apportionment of Taxes is as follows:

AmountRate
Municipal Taxes $8,442,539.000.651
County Taxes/County Open Space$3,419,457.470.265
Local School Taxes$13,181,578.001.015
Regional School Taxes$7,927,536.780.610
Municipal Open Sapce$64,928.000.005
Total Taxes to be Raised$33,036,039.252.546


If a home and property is assessed at $350,000, a property owner would pay $2.546 for every $100.00 of assessed value. The annual tax obligation for this home would be $8,911. From the $8,911, the following amounts are required to the finance the services of:

Amount% of Tax
Municipal Government$2,278.5025.57
County Government$927.5010.41
Local School District$3,552.5039.87
Regional School District$2,135.0023.96
Municipal Open Space$17.5000.20
Total$8,911.00100.00

Statement of State Aid


Municipality: Allendale Borough County: Bergen
The budgets of the government agencies funded by this tax bill
include State funding used to reduce local property taxes as follows:

State Aid

Municipal Government $1,367,400
Local and Regional School District(s) $2,504,624
County Government $ 801,326
REAP N/A
Total $4,673,350

Added Assessments and Omitted Added Assessments

An improvement to your home will increase its selling price and your property tax assessment will increase. This will take the form of an added assessment tax bill, which you will receive in the mail at the end of October after the improvement is substantially completed for its intended use. This bill shall be payable on November 1, February 1, and May 1 and then the added assessment amount will be included in you annual tax bill received in June for the new tax year. Therefore, just as you planned ahead for the improvement, you should also plan ahead and set aside funds for the added assessment tax bill.

The added assessment is the amount of the difference between the property assessment before the improvement and the value of the entire property after the improvement. It does not reflect the cost of the amenity itself or the cost of the project.

If you did not receive an Added Assessment Tax bill for work completed in the previous year, you will receive an “Omitted Added” Assessment bill in addition to an “Added Assessment” bill the year following the improvement. The original bill will be mailed to your mortgage company, if you have one. You will receive an advice only copy. We recommend that you contact your mortgage company to ensure payment will be made.