NJ Property Tax Relief
NJ ANCHOR Program: Benefit Amounts Explained
ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) gives property tax relief to both homeowners and renters.
ANCHOR benefit amounts
| Homeowner under 65, income up to $150K | $1,500 |
| Homeowner under 65, income $150K–$250K | $1,000 |
| Senior homeowner, income up to $150K | $1,750 |
| Senior homeowner, income $150K–$250K | $1,250 |
| Renter (under 65 / 65+) | $450 / $700 |
Who is eligible?
- You owned or rented your New Jersey main home during the program year
- Your income falls within the program limits shown above
- Seniors 65+ receive a higher benefit
Do renters qualify?
Yes. Unlike many programs, ANCHOR includes renters, because part of rent goes toward the landlord's property taxes.
When to apply
Check the NJ Division of Taxation for this year's filing deadline.
Amounts and limits change every year. Always confirm current rules with the NJ Division of Taxation.
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