ayments for the ANCHOR program — Affordable New Jersey Communities for Homeowners and Renters — began rolling out on September 15, though residents still have time to apply for their benefits. The program aims to provide tax relief to New Jersey homeowners and renters facing high property taxes.

Payment timeline

Residents who apply can expect to receive their ANCHOR payments within 90 days of submission. Payments are being sent on a rolling basis, with options for direct deposit available for online filers, while paper form applicants will receive checks automatically.

Benefit amounts

Homeowners 65 or older: up to $1,750

Homeowners under 65: up to $1,500

Renters 65 or older: up to $700

Renters under 65: up to $450

Benefit amounts are income-based and cannot exceed property taxes pa

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