New Jersey homeowners have 15 days to apply for a state program that could give them up to $1,500.
The Affordable New Jersey Communities for Homeowners and Renters program will be accepting applications from state homeowners and renters until Feb. 28.
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The payments for the property tax relief program will be sent in the form of a direct deposit or check no later than May, according to New Jersey’s Division of Taxation.
“This is money going right back into the pockets of roughly 2 million New Jersey middle-class and working homeowners, seniors, and tenants — households in which well more than half of all of our residents live,” Gov. Phil Murphy (D-NJ) said in a statement. “For more than a million homeowners, ANCHOR’s direct relief will effectively undo years of property tax increases — even up to a decade’s worth. And for nearly 1 million renters, ANCHOR’s tenant relief will cushion rent hikes.”
The program will give homeowners up to $1,500, with renters eligible to receive up to $450 as long as they make $150,000 or less annually. If the homeowner’s annual income is between $150,001 and $250,000, the person can receive up to $1,000.
To apply for this program, homeowners will need an ANCHOR ID and PIN, which they will use to apply online or by phone by calling 877-658-2972.
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There is no phone option for renters to use to apply for this program, and they are not given an ID or PIN, so the Division of Taxation recommends that renters apply online. Applicants for this program can also print an application from the internet and mail it in with any other documents required.
Additional information regarding this program can be found on the Division of Taxation’s website.
