Tuesday, May 22, 2012
   

NJ State Rebate

There are two separate and distinct property tax relief programs available to New Jersey homeowners.

Property Tax Reimbursement Program (forms are sent out by the State in January) For information call 1-800-882-6597 or to visit the State of NJ website for information and downloadable forms "Click Here".

This program is designed to freeze the burden of increasing real estate taxes for qualified applicants by establishing a base year of eligibility and comparing that “base” with any subsequent year, the difference to be refunded by the State annually. Eligibility must be continuous otherwise a new base year must be established.

Qualifications are as follows:

1) Must make application annually (with the state)

2) Homeowners age 65 or older or receiving Federal Social Security Disability Benefits and who paid property taxes on their principal residence in New Jersey;

3) Applicants must be NJ residents for at least 10 years, and living in their current home for the last 3 years; 

4) Applicant must meet certain income limits for both the “base year” (year applicant first became eligible) and the application year. Income requirements are set by the State annually;

5) Property taxes must be paid in full for the years applied for by June 1st of the following year.

The Homestead Rebate Program (forms are sent out by the State in Mid-April)

For information call 1-888-238-1233

General qualifications are as follows:

1) Must make application annually (with the state)

2) Own and occupy a home in NJ that was their principal residence on October 1 of the pre-tax year;

3) Have gross income under the minimum threshold set by the State (the Threshold changes periodically based on the State Budget)  

4) You must have had property taxes which were due and paid on the property within the year applied for.

For detailed qualifications and additional information visit the NJ State website or "Click Here"