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Click Here to download the PDF version of the current tax maps. Assessments locates and determines the tax-ability of real estate and personal property value within the City to maintain the tax base maintains detailed tax maps for each parcel of real estate in the City prepares property mergers and sub-divisions and inputs changes to property records including ownership, mortgage codes, assessments, etc.It is the responsibility of the Manager to collect, enforce and report on the revenue of the various businesses in the City of Newark and assess charges for non-compliance in accordance to the State and Municipal Statues and Ordinances.
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Office of Tax Abatement and Special Taxes insures that the service charges on tax abatement and taxes on payroll, parking, hotel room occupancy and business license and permits are accurately accounted for.Employee’s Retirement Systems insures that eligible employees are enrolled and contributing accurately to the pension system and that eligible retirees are receiving payments in an accurate and timely manner.The composition of those assets include cash, revenue, Director’s Office is to maintain prudent custody of assets of the City and protect its resources for its citizens.The department is also responsible for the city’s assets and resources, including investments, revenues, budgetary appropriations and expenditures, and fixed assets. This includes paying all employees paying all vendors collecting all revenue investing all idle funds billing all taxes recording all receipts, expenditures, and other financial transactions preparing all financial reports and raising all capital funds on behalf of the City of Newark. Led by the city director of finance/chief financial officer, the Department of Finance provides fiscal policy recommendations to the mayor and Municipal Council and is responsible for all financial activities and functions of city government. In this way, the department supports the City of Newark’s overall mission to provide security and opportunities for economic prosperity to all of its citizens and to create an environment that is nurturing and empowering for families. Each dollar you save will reduce the amount the child has to borrow in student loans.The Department of Finance oversees the city’s assets and protects its resources for Newark citizens. Your investment grows tax-deferred and withdrawals used to pay for college are tax-free. Consider putting money away in a 529 college savings plan if you have children or grandchildren.
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Both accounts offer tax benefits to help grow your savings. Taxpayers who are age 50 or older may contribute an additional $1,000. In 20, individuals may contribute up to $6,000 to a traditional or Roth individual retirement account (IRA). That way you’ll be covered in the event of a job loss or other unexpected financial hardship. Experts recommend having three to six months’ worth of savings held in an emergency fund. Paying off your debt early can help improve your credit score and save you money on interest. Carrying a balance on credit cards can hurt your credit score and may prevent you from qualifying for a mortgage or other loan.