ANCHOR replaces the Homestead Benefit program.
More than three million residents are eligible for up to $1,500 in property tax relief under the ANCHOR program.
To be eligible for this year’s benefit, you must have occupied your primary residence on October 1st, 2019. You must also file (or be exempt from) NJ income taxes. Payments will be sent no later than May 2023.
The deadline for filing is December 30th, 2022.
This program provides property tax relief to New Jersey residents who owned or rented their principal residence (main home) on October 1, 2019, and met the income limits.
You are considered a homeowner if, on October 1, 2019, you:
- Owned a house,
- Owned a condominium and paid property taxes on your unit;
- Were a resident shareholder of a cooperative housing complex;
- Were a resident of a continuing care retirement community and your continuing care contract requires you to pay the proportionate share of property taxes attributable to your unit.
You do not qualify if your residence was completely exempt from paying property taxes or you made P.I.L.O.T. (Payments-in-Lieu-of-Tax) payments.
You are considered a tenant if, on October 1, 2019, you:
- Rented an apartment, condominium, or house;
- Rented or owned a mobile home located in a mobile home park.
You do not qualify if you lived in tax-exempt, subsidized, or campus housing.