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The State of New Jersey has issued a last call for property owners and renters to apply for the state’s new property tax relief program, called ANCHOR rebates.
The deadline for filing is midnight Tuesday, Feb. 28.
Homeowners are eligible to apply for up to $1,500 to be used for property tax relief. Renters are also included in the program.
Payment will be direct deposited into your bank account, as follows:
- NJ homeowners with income of $150,000 or less will receive $1,500.
- NJ homeowners with income of more than $150,000 and up to $250,000 will receive $1,000.
- NJ residential renters with income of $150,000 or less will receive $450. You must have paid rent to be eligible.
The ANCHOR program is separate from the NJ Senior Tax Freeze Program.
To be eligible for this year’s benefit, you must have occupied your primary residence on Oct.1, 2019. You must also file (or be exempt from) NJ income taxes.
Learn more here…https://www.nj.gov/treasury/taxation/anchor/home-faq.shtml
