JP 3E Holdings Inc (JPTE)

[dukeb]

As others have noted, the total amount of the delinquency is nearly $ 440k

Per NJ statute, delinquent property taxes over $1,500 incur interest at the rate of 18% per year. In addition, if the delinquent amount is more than $ 10,000 as of the end of the fiscal year a municipality pay impose a penalty of 6% of the past due amount.

Source: https://www.nj.gov/dca/divisions/dlgs/programs/tax_collector_docs/elements_of_tax_sales_nj.pdf