New Jersey residents still have time to apply for property tax relief through the state’s ANCHOR program, but the deadline is approaching.
When is the deadline to apply for the ANCHOR program?
New Jersey residents have until Oct. 31 to apply for the state’s ANCHOR property tax relief program, which offers payments to homeowners and renters who meet income and residency requirements.
How much payment does the ANCHOR program offer?
The program provides up to $1,750 for senior homeowners, $1,650 for homeowners under 65, $700 for senior renters and $450 for renters under 65. The benefit amount cannot exceed the property taxes paid on a primary residence during the qualifying year.
Who qualifies for the ANCHOR program?
To qualify, homeowners must have owned and lived in their New Jersey r