Homeowner
The benefit is calculated using income on line 29 of your 2025 NJ-1040 and varies depending on your age and income amount. If your income on line 29 exceeded $250,000, you are not eligible.
2025 Gross Income (NJ-1040 Line 29) Benefit Amount $150,000 or less $1,500 $150,001 - $250,000 $1,000
Property Tax Credit If you are 65 or older and either do not need to file a tax return or did not claim a $50 Property Tax Credit, that credit will be added to your ANCHOR benefit payment.
Cap on Benefits The total amount of all property tax relief benefits you receive cannot be more than the property taxes paid on your principal residence (main home) for the same year (ANCHOR, Senior Freeze, Stay NJ, Property Tax Deduction for senior citizens/disabled persons, and Property Tax Deduction for veterans).
Payment Information Payments will begin on a rolling basis, starting September 15, usually within 90 days of filing. Applicants who file by paper will have a paper check option only. Online applicants will have the option to receive a paper check or direct deposit.