Applications for Senior citizen Real Estate Tax freeze | Department of Revenue (2024)

FAQs

How do I get a nj senior freeze application? ›

You may also file your Senior Freeze Form-2 online . If you qualified and have not received this application, call 1-800-882-6597.

Eligible applicants can file the 2022 Senior Freeze application (Form PTR-1) online at nj.gov/ treasury/taxation/ptr or by paper, using the form in this booklet.

Beginning with the 2023 filing season, new legislation increased the income limit for the program to $150,000 for Tax Year 2022, benefitting those filing the 2023 PTR-1. The law also eliminated the requirement that an applicant must be a New Jersey resident for 10 consecutive years to be eligible for the program.

Senior Freeze infoline: 1-800-882-6597 to check the status of a filed application, order an application, and ask questions. Automated infoline: 1-800-323-4400 to listen to prerecorded information. Online: nj.gov/taxation.

NJ Taxation

The Senior Freeze (Property Tax Reimbursem*nt) program reimburses eligible New Jersey residents who are senior citizens or disabled persons for property tax increases on their principal residence (home). Complete this questionnaire to see if you may be eligible for a 2023 Senior Freeze.

Do I have to apply for the current benefit? If you receive an ANCHOR Benefit Confirmation Letter and all of the information contained in the letter is correct, you do not have to file an application for the current benefit. We will file an application on your behalf based on your previously filed application.

But you're asking about the Senior Freeze, another program that helps residents reduce their property tax bill. That program remains, even with the introduction of ANCHOR. One of the main differences is that the Freeze is only for seniors and disabled persons who meet the eligibility requirements.

Who is eligible for the ANCHOR program? ANCHOR eligibility is as follows: • NJ homeowners with income of $150,000 or less will receive $1,500. NJ homeowners with income of more than $150,000 and up to $250,000 will receive $1,000. NJ residential renters with income of $150,000 or less will receive $450.

In an effort to keep more seniors here, New Jersey last year came up with a tempting counter-offer: Stay NJ, a law intended to cut property taxes by up to 50% on primary residences for those who are 65 and older and earn less than $500,000 a year, starting in 2026. The maximum benefit would be $6,500.

The deadline to file applications is Oct. 31, 2024. According to the Department of the Treasury, applications are being mailed to the last address from which taxpayers filed. Applicants can also access the online filing portal at https://www.njportal.com/taxation/ptr.

Do people over 65 pay property tax in NJ? ›

If you are age 65 or older, or disabled, and have been a New Jersey resident for at least one year, you may be eligible for an annual $250 property tax deduction. You also may qualify if you are a surviving spouse or civil union partner.

A key provision of the envisioned program is the funding of tax credits that would be used to cut property taxes in half for many homeowners ages 65 and older, up to a maximum of $6,500 annually.

If no one bids on the lien at the tax lien sale, the municipality must wait for six months before starting the foreclosure. (N.J. Stat.

This program provides property tax relief to New Jersey residents who own or rent property in New Jersey as their principal residence and meet certain income limits. The current filing season for the ANCHOR benefit is based on 2020 residency, income, and age. The filing deadline was December 29, 2023.

Social Security Administration. Supplemental Security Income (SSI): SSI is a Federal program administered through the Social Security Administration (SSA) that pays benefits to adults and children with disabilities, as well as people over 65 without disabilities, who have limited income and resources.