What if I have a credit on my account?

A refund check is issued to a taxpayer who has a credit balance on their bill, provided that they supply the Town with the proper information and they have no other outstanding taxes due and payable to the Town.

If the credit was caused by overpayment, a request for refund should be accompanied by a copy of the canceled checks (front and back) for the fiscal year(s) in which the credit(s) exist. If the property has recently been purchased or refinanced, please also include a copy of the HUD Settlement Statement, which lists the details of the taxes paid at the closing.

If the credit was caused by abatement, the refund will automatically be issued unless the property has changed hands during the fiscal year. When the credit on a real estate bill is a result of an abatement, the refund total may include 8% interest. The refund interest is calculated from the abatement date or the due date of the tax (whichever is later), to the issue date of the refund.

The refund will usually be returned to the record owner. If the property has been sold during the fiscal year to a new owner, the date of transfer (deed date) and the information on the HUD Settlement Statement will determine who is eligible for the refund. If you have any questions, please email us.

Show All Answers

1. At what ratio is property assessed?
2. What does 100% of full and fair cash value mean?
3. How do I check ownership or valuation of property?
4. What is a map, block and lot (MBLU)?
5. How do I change my mailing address for tax billing?
6. When do I file for overvaluation abatement?
7. Where do I file an abatement application?
8. When are real property tax bills mailed and payments due?
9. Where should I mail my real estate tax payment?
10. What should I do in the event I do not receive my bill?
11. What happens if I do not pay my tax bill?
12. What do I need to do if my mortgage company pays the taxes on my property?
13. Why should I pay interest on a late payment when I never received my tax bill?
14. How can I change the tax bill to my name, after purchasing a parcel of property?
15. Who is responsible for the taxes if a property is sold after January 1?
16. What should I do if I recently sold my property, but I am still receiving a tax bill?
17. What happens if the check I mail 'bounces'?
18. What happens when a tax bill is paid, but you receive a demand notice for tax not paid, or, you find out that you overpaid?
19. What if I have a credit on my account?
20. Where can I go for more information?