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This program offers property tax relief to New Jersey residents who own or rent property in New Jersey as their main home and meet certain income limits. This year's ANCHOR benefit is based on residency, income, and age from 2021.
Benefit Amount. For 2021, applicants who were age 65 or older by December 31, 2021, will receive an additional $250. Property Tax Credit. New Jersey homeowners, age 65 and over, who are not required to file a New Jersey Gross Income Tax return (NJ-1040), are eligible for a Property Tax Credit of up to $50.
17 Αυγ 2024 · The benefits, which are for the 2021 tax year, will pay up to $1,500 to homeowners and $450 for renters, with senior homeowners and renters getting an extra $250. While many parts of the...
4 Σεπ 2024 · The Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) property tax relief program launched in 2022 to update and expand upon the former Homestead Benefit.
19 Σεπ 2024 · To check the status of your application, start at the state’s ANCHOR info page at nj.gov/treasury/taxation/anchor. Page down and select “Check Benefit Status,” which allows you to...
4 Απρ 2022 · Despite the new name, ANCHOR is really an expansion of the Homestead Benefit program, which provides property tax relief to homeowners who earn up to $75,000 per year, as well as seniors and those who meet the state’s definition of “disabled” earning up to $150,000 per year.
To be eligible for the ANCHOR benefit, individuals or families must maintain their principal residence within New Jersey and adhere to specific income criteria. The filing deadline for the 2023 ANCHOR Program was December 29, 2023.
