Mayor Ras J. Baraka announces a two-month, zero-interest, amnesty program for Newark residents who owe the City money for property taxes, water and sewer charges, or to pay municipal tax liens.
Mayor Baraka said the Municipal Ordinance passed by the Municipal Council last week is designed to ease the financial stresses caused by the COVID-19 pandemic.
“While the City is making progress toward eradicating COVID-19 and its effects, the negative economic and financial impacts are still being felt by Newark residents, homeowners, businesses, and property owners,” Mayor Baraka said. “The administration and Municipal Council recognize there is still an ongoing need to assist those who are still affected financially and will offer Newark taxpayers a short-term Amnesty/Reduction Program.”
The zero-interest period will run from November 1, 2021 until December 31, 2021. The standard interest rate on back taxes, water and sewer rates, and municipal liens is 8 percent for the first $1,500 owed and 18 percent on the remaining balance.
To receive the zero-interest benefit, residents must pay the full balance of funds owed. Partial payments will not be eligible.