Anchor Benefit replaces Homestead Benefit
A headsup regarding name change. This email received today:
"You will receive an email from the Division of Taxation by September 30, 2022, with a link so you can file your ANCHOR Benefit application online. The ANCHOR program replaces the Homestead Benefit program. If you owned and occupied a principal residence or rented a rental unit in New Jersey on October 1, 2019, you may be eligible for a benefit payment.
The deadline for filing your application is December 30, 2022. If you do not receive the email by the second week of October 2022, contact our Customer Service Center at 1 (888) 238-1233."
"Homeowners with income of $150,000 receive $1,500 in property tax rebates, said Kenneth Bagner, a certified public accountant with Sobel and Co. in Livingston.
Those earning between $150,000 and $250,000 will receive $1,000 rebates, and renters making up to $150,000 will receive $450 checks, Bagner said.
The benefit is only for primary residences.
“The checks are expected in May 2023,” Bagner said. “Eligible homeowners and tenants will be able to apply in the fall either online, by phone or mail-in a paper application, similar to the Homestead Benefit in previous years.”
With the Homestead rebate the refund was sent to my municipality to apply toward my property taxes. Anyone know if that is how this will work? Or are they sending out checks?
Find your age and income on the colored chart (link below) to get the percentage of rebate . Multiply your total property tax by that percentage to get the dollar amount . I read that the rebate will be applied to the May 2023 quarterly property tax bill like the current Homestead rebate . I assume renters will get a check in the mail or by direct deposit .
If you're paying property taxes on that rental property you qualify . Supposedly the 250 or 450 rebate for renters who did not get any type of rebate before is meant to help offset rent increases .
@The Bishop: I believe anyone already enrolled in the Homestead program was sent the email.
Received email to file, from email:
"Filing Your 2019 ANCHOR Benefit Application Online
The State's ANCHOR program replaces the Homestead Benefit program. If you owned and occupied a principal residence or rented a rental unit in New Jersey on October 1, 2019, you may be eligible for a benefit payment."
There is a number to call for questions:
1 (888) 238-1233
I really don’t understand this. Households making between $150k-$250k need $1,000? Put it towards the roads. NJ is an absolute joke. Unless I’m completely missing something, in which case, my apologies.
My taxes literally went up $1k this year, so I'll take it. Still waiting for letter in the mail though
Warren County mailings went out beginning Sept. 21st. The Nj State web site stated if you haven’t received the mailing within 10 business days from then, to call the Anchor hotline at 888-238-1233
Fact is that middle and upper income families are probably living in larger homes, and getting screwed just as badly proportionally as every other homeowner in NJ.
I got my notice in the mail last week and filed on-line with no problems. Stunned.
I received mine today in long valley. There was a schedule on nj.com today with the mailing dates by county. Morris was the last county.
I did mine on the phone last week and they asked if I wanted direct deposit . So this looks like it will be payed by check or direct deposit rather than a lower quarterly property tax payment .
Correct for this 2022 filing based upon 2019 status. Supposed to be payable in Spring of 2023. Curious how it will implemented going forward.
"New Jerseyans seeking property tax relief have been given another extension to file for the state’s new ANCHOR property tax program.......You now have until Feb. 28 to complete the application. Filings were initially due on Dec. 30, 2022, then moved to Jan. 31, 2023, before the additional one month extension was granted."
And it looks like this will be the method going forward. There will be a lag for new homeowners, as 2020, 2021, and 2022 will follow annually. For example someone who buys now (early 2023) they won't get the money until 2027...
why do we have to apply? They know everything they need to know. Just send the money to those qualified.
2 weeks ago
ole’ timer, you’re right, this was a simple calculation done when filing out your yearly taxes. Now, probably about 30-40% won’t file the form and thus the State won’t have to make those payments.
I have filled a separate form a number of times over the years for my MIL.
Online it takes a few minutes.
I think it's because of how they pass this rebate: timing and method, that causes it to be off the normal tax cycle.
And yes, they must not get the full number of people to comply given the process.
"Hundreds of thousands of New Jerseyans who rent their homes are eligible for $450 in property tax relief under the ANCHOR program.
Tenants and renters who were previously ineligible because their unit was covered by a PILOT agreement can now apply for the ANCHOR benefit.
Eligible applicants will receive a $450 payment this spring.
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. The deadline for filing has been extended to February 28th, 2023."
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