2025 Senior Freeze Property Tax Changes
For seniors in 2025 the PTR forms will be replaced with PAS-1 forms which will be mailed out in March . They combine the property tax freeze , Anchor , and Stay NJ all in one form . Stay NJ quarterly payments will begin in February 2026 then May/August/November . If you opt to file online you will have to register with ID.me which requires 2 forms of ID and a video conference call . All the info is in the link below including non-senior info on number 6 and 8 .
https://hamiltonnj.com/FAQ.aspx?QID=909
97XBAM I have some confusion over one of the instructions on this form, if anyone can help me I'd appreciate it. I tried to find the answer on the government site.
On page 8 , one of the instructions for Line C says "The amount of any qualified distribution form a Roth IRA or the amount rolled over from a Roth IRA to another Roth IRA. (These amounts are not reported on Form NJ-1040)".
This means if I took money out of my Roth, I have to enter the amount? And also,
This means if I moved my Roth from one brokerage to another I have to enter the amount in the entire account?
I can't figure out how this makes sense.
In the end, if the Stay NJ actually materializes, I don't know if it matters whether I qualify for Senior Freeze or not.
Thanks for any insight.
Penny Lane It probably means that Roth IRA distribution wasn't reported as income on the 1040 tax form . I haven't gotten my PAS-1 booklet yet , but it is online . It has a hotline listed ( 1 (888) 238-1233) that you can call with any questions .
https://www.nj.gov/treasury/taxation/pdf/24-pas1cp.pdf
I thought this was supposed to simplify the process. I haven’t received the booklet yet but now I’m hearing it’s more than 8 pages?
How is that simplified??
Local 
OnTheEdge 
MAN MAN - It looks like renters skip right to the signature section after answering 4b on the first form . But if you're not 65 or disabled the Anchor benefit info will be mailed out this summer .
4b. Indicate your residency status for all 2024.
Homeowner (complete Schedule I) Mobile home owner (complete Schedule II) Renter (complete Signature section)
It looks fairly easy - the worksheets are just to find your income for 2023 and 2024 which you should already know from your tax returns and the 4 pages of municipal codes are there just to find the 4 digit code for your township .
https://www.nj.gov/treasury/taxation/pdf/24-pas1cp.pdf
I completed mine in about 10 minutes. You will need your 2023 & 2024 tax returns handy, but again, it's not complicated. You also need to know the total property tax billed for 2024. That's on the tax bill you received last June/July. If you're organized with your paperwork and keep copies of things, this shouldn't be hard.
Lonesome Dove Does anyone know if BOTH my 2023 and 2024 incomes have to be within the listed limits?
My 2023 is over and my 2024 is under the limits.........
the judgethe judge
The instructions indicate that it's both 2023 AND 2024 incomes.
This is the first year we finally qualify for the freeze, having both years within the limits.
I don't know if I should be happy or not, to have property taxes frozen at $21K.
I received my booklet but I appear to missing pages. I have pages 1 to 4 and the next page is 13 to page 16. Anyone else have this issue.
mack1019 mack1019 - what about the actual application and mailing envelope? You should also have a second copy of the application in the booklet for your records. The other missing pages I would think you should be able to see them online. As long as you have your 2 copies of the application. So much fraud happening these days.
happiest girl
Thank you for the response. Luckily both applications were in the booklet along with the mailing envelope. I was able go on-line and download a complete set of instruction. Good to go now.
I went to file online. It said to file online you need to create a id.me account. Had so much trouble doing this it 1 1/2 hours. Which included a video conference with someone who reviewed my id's which I had to scan and upload. So once I got that done I decided to try to finally file another day. Hope now it only takes 10 minutes
I had started doing it online then stopped when the ID.me requirements came up along with a wait time of 30 minutes for the video conference . Last year I did it online and all you had to do was upload a copy of your tax bill . Now it's easier and faster to do the physical paper format .
Just received our Senior Freeze reimbursement. First time qualifying. Nice to get $450, but wish my prop taxes weren't so high. "Frozen" at $20K.
Babbit Yes, for 2023 $20,039. $20,498 for 2024 (Long Valley). Our house is nothing fancy either, believe me.
But I just wanted to let others know that the reimbursements are arriving. Mine was direct deposit.
My friend lives right near Centenary and he pays almost $18,000. The bigger the house size and lot size, the higher the tax.
I just received my tax bill yesterday, and wow, 59% of it is for the schools. I'm not saying that they don't need it, I'm just saying that is where most of our money goes.
Richie, I don't know how the portion for schools is determined, but Long Valley (Washington twp. Morris County) has 71.6% to schools.
Long Beach twp., Ocean County has 27.6% of prop taxes that go to schools.
Tis the way schools funded in many states.
Think our schools are number one or two in nation; warren may be in the middle but given nj ranking, our middle is great nationally.
Nj pays about fourth or fifth for funding so being one or two in results seems a fair deal. Thus, mess with it very, very carefully as you are fixing what ain’t broken.
Nj pays the highest in property taxes. So high that these patch programs still result in paying the highest property taxes in the nation.
Think our total tax package is again fourth or fifth in nation. IMO, it’s not the total tax bill in issue, but the skew to property just drives fixed incomes out of state because we are not competitive for fixed incomes mobile enough to move cross state lines foe huge four digit savings. These programs are like polishing turd. In the end, it’s still what it was.
Fyi: I live in Indy, large house, a few acres, and pay 13k. One difference is I protested re-evaluation and dropped the value a lot. Got lucky, honestly. You can protest once a year, comparables are crucial.
Did anyone think their property taxes would stay the same or go down after voting for the 8 million dollar increase for the schools in the special election this March ? You don't always get what you vote for , but this time the voters did it it to themselves once again .
"Voters in Independence and Liberty appear to have narrowly approved a proposal from the Great Meadows Regional School District to spend $8 million on school alterations, 286-349; the state will pick up $3.2 million of those costs."
97x: the $8m is really 4.8m after the state covers $3.2m. Pretty good deal imo. Then we wilk get low cost loans from the state, float bonds and pay down over numbers of years. Not exactly $8m out of pocket, year one.
Then, property tax increases cappedcat 2% per year, by law.
But a wrinkle that you want to watch. Bonds, debts, can be paid down by going overcrhe two percent. That hit will be felt soon and then back to 2% hits.
I bet it’s not bad.
I received my senior freeze check. The amount is alot less than the difference between my 2023 and 2024 property taxes. My understanding is that the freeze is soley based on those two numbers, is that right? I will call the support number tomorrow.
btw, I did confirm my property taxes with the town tax office before submitting the PAS form.
My gap is related to the $250 Veterans deduction. Somehow, somewhere, and for unknown reasons the State used a different dollar amount by $250 for my 2023 taxes, and they changed what I had entered. The result is that I received $250 less than expected.
Not only had I used the amount(s) from my property tax statements, I also confirmed them with the tax office before completing the form. Support at the 800 # for the program advised me to write a letter and provide the tax statements.
Why do seniors get tax welfare? Let them pay the same as everyone else.
The real question is, why are taxes so high as compared to other states?
Biff Biff,
It's to keep seniors in NJ rather than them taking their cash to Florida. There is a big loss in state revenue when people leave. It's not a matter of age alone, but the fact that after retirement you have fewer anchors holding you down.
happycamper Yes, supposed to start Sept 15th.
btw, the state did correct my $250 discrepancy BUT there remains an issue regarding the base amount for future calculations; waiting on response to my letter.
Biff - Look at your property taxes and see the amount of taxes we pay yearly that are for public schools. Why do Seniors have to pay for Schools and everything else to do with schools like teacher salaries and pensions, like school busses etc. We have been paying more than our fair share of taxes for many many years so now it is your turn. Stop complaining. Someday, if you’re lucky, you may qualify to get a few dollars back for the many that you paid. In addition, how about getting involved in State politics and help straighten out the mess this State has been for a very long time.
Just wondering 
Navy vet Seniors pay for schools because the seniors who came before you paid for your school. That’s how society works to improve. You invest in the education of the children in your community.
Res2 F that.
School costs are out of control.
Even when I was a kid- the quality of public school was a joke.
Go read- learn about how early industrialists planned this- wanting just taught enough to be good employees.
And even if you think 'that's fine' - 'what they are taught is fine'- the cost % VS 50-60 years ago is absurd- yet we aren't seeing more yield for it.
The cream rises to the top- you can throw all you want at 'better schooling' and the vast majority of kids are going to turn out the same.
The ones that are going to try hard- were already going to try hard.
The slackers- are going to do the same.
Invest in the children is B.S. just like most everything else society conforms you to.
Taxes 100% should be use based- across the board.
For everything- EVERYTHING. Not just schools.
Don't use it? (whatever it is) Don't pay.
Don't have kids in school? Don't pay.
NEVER had kids in school? DEFINITELY DON"T PAY.
Stop subsidizing EVERYTHING.
Earn your keep. Pay for what you use.
Josh I wouldn't mind so much about paying towards school funding (despite not using them), if the spending didn't seem so out of control. I want us to have good schools, but high spending doesn't always equal good schools. NJ school funding as a whole needs reworking.
Off topic a bit: We received our Anchor deposit this week.
Got my Anchor benefit today . Looks like the max amount went up 50 bucks - an election year bribe perhaps ?
MTSO That extra $50 represents the property tax credit for seniors who didn’t claim it on their state tax return.
The GOP candidate for governor has called the Anchor rebate a shell game and wants to raise the age for the property tax freeze from 65 to 70 . I can't image that will be popular with the voters in the state .
97XBAM - you are correct, that will not be well received…. don’t vote for him!!
My senior freeze combined with my Anchor Benefit is almost half my property tax. And when Stay NJ kicks in this February, it will be exactly 1/2 my taxes saved.
Anchor Benefit is not just for seniors, a couple with less than $250,000 income qualifies for it.
Property Tax Relief letters are being mailed now with the dollar amounts you receive - I got mine yesterday.
Sorry, I have to disagree. Something needs to be done to overhaul NJ property taxes. Not just trying to pay us off with our own money.
I got the letter from the State Treasury yesterday and calculated my Stay NJ rebate at 18.75 since the Senior Freeze and Anchor rebates came very close to 50% of the total property tax . You just divide the total tax in half and subtract the Freeze and Anchor rebates and the Stay NJ rebate will make up the difference on half of the tax up to a maximum rebate of 6500 .
The Stay NJ program offers property tax benefits to eligible homeowners aged 65 and older. It reimburses applicants for 50% of their property tax bills.
https://www.nj.gov/treasury/taxation/staynj/calculation.shtml
I just hate the monkey dance to get some kickback. Different names, games, rules, just to get that which should not be charged in the first place.
You start by paying THE highest property tax in the nation; CA laughs at us. You fill out the forms, stand on one leg, bark like a dog at the moon and by the time you get a check, you can’t remember what it’s for.
And after all that, you still pay the highest taxes in the land.
NJ; no country for old men. Best to leave by 65.
Here's one reason why NJ property taxes are so high :
Voters in Independence and Liberty appear to have narrowly approved a proposal from the Great Meadows Regional School District to spend $8 million on school alterations, 286-349; the state will pick up $3.2 million of those costs.
Seems to me somebody here defended that unnecessary expenditure , wait a minute THAT WAS YOU BABBO !
97XBAM - was your Stay NJ Benefit not listed in your letter? You said you calculated it.
My letter had the Stay NJ Benefit dollar amount along with the Senior Freeze and Anchor.
It also specified that it would be divided into 4 equal payments, scheduled for Feb, May, August and November.
Was that a typo when you said $18.75 or did you mean $1875.
97x: really not a defense, more an explanation as follows: "the $8m is really 4.8m after the state covers $3.2m. Pretty good deal imo. Then we will get low cost loans from the state, float bonds and pay down over numbers of years. Not exactly $8m out of pocket, year one. Then, property tax increases capped at 2% per year, by law. But a wrinkle that you want to watch. Bonds, debts, can be paid down by going overcrhe two percent. That hit will be felt soon and then back to 2% hits. I bet it’s not bad."
We have not seen the 2025 rate.
As to property taxes, it's complex, but NJ pays a higher rate than anyone.
NJ pays like number four per student, but returns number 1 or 2 in student outcomes.
NJ covers education with a higher percentage of property tax than most states in the Union, except states that don't have income or sales tax for example.
So, IMO, we should be very careful to muck with school spending because we get the best outcomes, don't want to mess with that unless you are sure. We seem to have done something right. Also, I believe highly in education as the best defense in the nation. No problem funding, even with kids flown the coop.
NJ's high property tax makes us uncompetitive for younger folks coming in as well as retaining older retired folks very mobile to move out. That's stupid.
So, dear bam, I have no issue in paying for school, I have a huge issue with paying it all from property taxes to the point of property taxes being uncompetitive.
It's the process, not the price, that offends me. NJ needs a tax-system overhaul, not freaking band aids on an open, gushing, wound.
That clarify?
Where do you think the state gets the money from ? Ain't nothin free somewhere someone is paying for it or it's running up a budget deficit for the state . And there is no end in rising property taxes in sight especially if that socialist clown gets elected mayor in NYC then NJ will see a huge influx of new residents with more housing and the higher taxes that come with all that .
Six school budgets got rejected by voters in March and 2 towns refused to spend more than the cap so are those kids getting a lesser education ? We could probably all agree schools should be funded by something other than property taxes then they wouldn't need any of these convoluted rebate methods .
https://newjerseyglobe.com/education/results-of-todays-special-school-elections/
97x: You seem a bit all over the place; the mayor in NYC will cause NJ to have an influx. And somehow those folks with higher paying jobs are going to make our schools go tilt, tax wise? Even Independence? That's a rich one. Especially since the topic was our property taxes, GMRSD, and the various tax kickbacks for oldsters.
Then you listed the school budget election with the GMSRD approval and expect surprise that other people vote down school budgets? Come on, it’s America. Americans love to dump on school budgets, makes them feel powerful, in the know, and making a difference.
Not sure Indy can run up a deficit for the state give the balanced budget requirement, not sure what you are talking about. Not sure what you are assuming?
The state gets money from taxes. That's what I think. I'd like to say we get it from the FED too, but you know, to give is better than to receive. Tis a blessing. Gee, I thought everyone knew that. All kinds of taxes we pay to the state. My point is it’s time to scrap it all, and bring it back with a better load balancing that lowers the property load to make NJ more competitive with the rest of America. Think you and I agree, school funding may need to extend beyond property if we do that.
And to those who feel we spend too much and could even have better results for less, great!!! Be careful since NJ ranks 3rd or 4th in per pupil spending and NJ ranks 2nd or 3rd in overall school performance. Personally, that seems a pretty good deal and something not to muck with unless you are really sure for a better bang for the buck. PS: FL is a good place to start, they DO get a better bang for the buck for some reason. And personally, I would rather overspend for our kid’s education. I think it supports our nation’s defense better than bombs. After all, need brains to build bombs and today, need big brains to drop em.
Property tax wise where you seem to feel gouged: Indy in 2018, dropped PT by .27%, that’s right, we went negative, go figure. Did you buy them a dinner? In 2019/+1.34%, 2020/.36%, 2021/2.71%, 2022/1.11%, 2023/2.45%, 2024/2.2%. We set the NJ property cap at 2% because we are stupid, we can’t manage money well, and we vote for people worse than us. So whether needed or not, schools will shoot for around 2% every year, needed or not. The additional beyond the decimal is voter approved, I think, but not sure why exactly. While a cap curbs the spending, a cap is like handing out free money too. Always 2%. And now our representatives don't have to think, just add 2% and see what you can spend it on. Now, as I said, there are other tricks to beat the cap, I think fixed assets may be one, another is “banked” taxes (that might explain 2018. Point is --- give me a break on being gouged every year. You voted for 2% and that’s what you get. FYI: when it comes to NJ highest taxes, INDY is like 130 out of 500 so seems our taxes are higher than average across the entire state, but not that much.
Just google “independence nj property tax rarte by year” and the entire state unfolds.
Because schools are under local control, us locals pay big attention to this thing we know little about. Personally, I hate local control and would make it county-wide so we could afford more centralized resources to help guide and plan our future. Us locals stink at it.
Hope that helps you find a way to make education better for the kids and not just consistently advocate for less spending. Especially when it appears that we don't spend that much, compared to top ranked public educational systems OR even over 125 local jurisdictions in NJ.
FYI: I just reviewed my STAY NJ and, indeed, it's 50% off and that seems a pretty good deal. Now, they have "feathered" out the payments over a year, but in my case, cool, I can wait, might even survive that long :>)
Still hate the gamesmanship where now I get a better deal, that younger folks will cover my proverbial's, and that we have to have this jerky work-around to do the right thing.
But at 50%: I'm stayin in NJ!!!!!!!!!!! thanks everyone for pointing this out.
Gotta feel for jurisdictions with a preponderance of oldsters; those kids are screwed, moneywise.
The jerky work around is because StayNJ is dependent on the annual budget, the amount could vary year to year.
Babbitt:
The Anchor plus Senior Freeze are subtracted from whatever 50% of your property tax is. The net amount is what makes up StayNJ.
Regarding the StayNJ rebate:
You'll only be getting 50% of your prop taxes if they're $13K or less. (Mine are over $21K).
The total amount is $6500.
Also the $6500 includes whatever amount your Anchor rebate + Senior Freeze rebate.
Of course I won't say no to getting some of my money back, but something should be done to NJ's property taxes for all property owners.
Where's the money for this coming from anyway? Do you think we'll really see it?
Is Penny Lane your name, or is it the street you live on? The homes on that street are mansions valued well over a million dollars. Of course their taxes are in the mid 20k range.
I didn't know there's an actual Penny Lane nearby. That's funny LOL. No, I don't have one of those mansions and I don't live on Penny Lane. I do have a normal (older) colonial type house though.
PL: if u got $6,500, your effective property tax rate is getting pretty competitive.
Sounds like some house. Congrats.
But btw: since the footnote states “if we have the budget,” and they are paying quarterly, my bet is we don’t even get it all.
I filed back on April 2nd 2025 and haven't gotten my anchor rebate. previously I got the rebate in october. Any one else with this issue.
Yea, I'll believe it when I see it too, Babbit.
My home is nothing fancy, as I said it's an old colonial. I love where I live, but property taxes will never make sense to me. I've lived in NJ all my life, and here 40 years. I no longer have a mortgage, but pay a chunk of my SS for prop tax.
I'm sorry, it's just very frustrating.
Better to pay property tax on a appreciating asset than over 20K in rent for an apartment or house that belongs to someone else . Unless you're completely destitute you are going to pay one way or another .
97x; having sold three homes lived in for thirty years and all returned 3%: better to buy a cd OR you really need to flip faster than 3 decades. Weird but true. At ten years, even a doubling of purchase price gets wiped out. But as Mom said, least you had a nice place to stay and no rent. Although in NJ, no mortgage plus property tax means $1k or more a month anyways.
U r right, in nj you pay to stay one way or another. But 50% off the tax is reasonable to me; I’ll stay a bit longer. I love it here with the deer, bears, and birds. Had a hawk on my deck railing the other day. Three bears wandering by, a flock of turkeys, it’s great.
PL; unless you have 5k sq ft or many acres, seems like running comparables might pay off. My 1866 farm house with much modern, three car garage with second floor, good size barn, three rail fence horse fields comes in at far less. Hard to find comparables for these oldsters and I have protested much even lowering my taxes twice in 30 years. Probably won’t help, but worth a shot. Can only formally protest once a year in many places, but if they ever reevaluate, the process allows for reconciliation; that’s where I got the drop. It’s all about the process rules. Did the same for Mom in another state. My mil passed and she paid a lot.
Good luck and here’s hoping we get the whole enchilada and thanks 97x for bringing this to light. I filled out the forms but really didn’t look at the payout after so many decades of frustration.
They still need to fix the tax system to end the workarounds. Same bottom line but change where they tax and lower the property at least for the retired.
Applied July 6, 2025. Still waiting. Checked status all of Oct and everytime I called the State's telephone number, I was in a loop where at the end I got "all of our operators are busy, please try again at another time", and the phone would disconnect. Finally got tired of run around and sent an email to Assemblyman DiMaio's office. After a couple of days, I received the following response:
I am happy to inform you that your PAS-1 application has been approved! This is what the Division of Taxation had to say: Please advise your constituents to allow time for the website to update and for the benefits to be distributed.
Two days later (this am), I checked the status and it says that payment will be Dec 1, 2025.
Hopefully, the "anchor money" will be more than the "Senior Freeze" of $128. Trying to be patient.
Nancy @Nancy - Hopefully by now you received your Anchor, we are still waiting and we filed 3/25/2025. “Still Processing.”
@Just Wondering Applied July 6, Received senior freeze on 12/1 and received Anchor on 12/3. I honestly believe we would still be waiting if not for Assemblyman DiMaio's office. Once they got involved, it was days. I was "still processing" for months. I would contact his office. Good Luck.
Nancy good to hear. I am in a different town than you but I am going to pursue this as you did with our Assemblyman. Thank you.
Both mine came no issue. Did not get full value but enough to slow my move away from the highest property taxes in America.
I honestly am not feeling the 2026 payments will come due to that “if we have the budget” dodge, but I will wait.
Just received a letter from NJ.
Anchor payment of $1750 already received and $4750 from STAY coming in 4 installments in 2026. $6500 total which is the Max. possible. I may STAY after all!
Janice "Stay NJ" tax benefit to begin rolling out on Feb. 9. You can check your status at NJ.Gov. While the Anchor and Senior Freeze were direct deposit (for me anyway), Stay NJ is mailed as a paper check.
Whip Whip - It depends on the state budget.
You can read more here:
https://nj1015.com/stay-nj-property-tax-rebate/
https://www.nj.gov/treasury/taxation/staynj/index.shtml
PL; yeah, fine print is a b$@?!!h.
Sure makes planning on staying or leaving a no brainer.
Pass a law fools, quit the workarounds, patches, and political rig jobs.
I have an andvanced degree and I can’t figure out the rules and whys for three different programs. I don’t apply for one, means tested out of another, and scored big time on third. Except for the bottom line, I have not a clue except that next year, it’s not a promise, tied to being under budget, so my plan is $0 and I will be looking to leave.
“beyond that, how did you like the play. Mrs. Lincoln?”
I agree, Babbit. This is the first year we qualify.
Freezing property taxes at 20K+ and returning some of my money to me is not a solution, but the people of NJ would rather put blinders on than elect someone that acknowledges it's a problem that needs fixing.
Personal reasons are keeping me in NJ though.
New application for Stay NJ, ANCHOR and Senior Freeze is now available:
https://www.nj.com/news/2026/02/new-application-for-stay-nj-anchor-and-senior-freeze-is-now-available.html
""We will begin issuing First-Quarter payments in the form of paper checks for the 2024 Stay NJ Program on Monday, Feb. 9," the Treasury Department said."
OTEdge: tried if but they want 2025 income and my taxes are not done yet. Just FYI so you can avoid the frustration of being too early.
My understanding is those booklets that we just received in the mail are for the next round of refunds. The deadline for completing it is November 2026. I have no idea why they sent these things out now. It's just confusing everybody, thinking it has something to do with the checks that are being sent this week.
Got my I guess 1st Q check, said next one may. Nice chunk of change, around 10%.
Good to know, Babbit. I just checked my status and it says the check was issued 2/9. I wish they did direct deposit like the Senior Freeze and Anchor.
"Please allow up to 30 days to receive any checks we send by mail"
Good article explaining future funding of these programs, https://www.courierpostonline.com/story/news/local/new-jersey/2026/02/13/stay-nj-payments-property-tax-relief-anchor-senior-freeze-program-pas1-government-money-taxes/88640357007/
Thank you for the article, OTE.
This year, I am a recipient of all three property tax relief benefits, however; I would gladly do away with them if someone would work on behalf of NJ citizens and address the corruption and fix the property tax situation. I know I sound like a broken record lol.
PL: corruption? Pretty broad wish.
I agree: as the second highest property tax in the US and like 2nd to 9th for total tax burden. Point is I agree. Fix the property tax to make us competitive so people will move here and, more important, not move out day one of retirement. The fix is lower the property tax, raise some other taxes and retain the total tax burden. Yes, as with all taxes, there will be winners and losers so pick taxes to raise that best cover large swaths of our demographics but help stop seniors from fleeing.
"Stay NJ cuts on table as administration weighs ways to close budget gap"
https://newjerseymonitor.com/2026/02/16/governor-stay-nj-tax-cuts/
The good news is: Stay NJ is on.
The bad news: there’s a new Senior Tax to cover. It’s called Screw NJ and it’s the kind that does not make you smile!
Mikey, say it ain’t so.
Is anyone here still waiting for the Stay NJ check to arrive? I've received mine, but I have a family member who is still waiting.
Sherrill's budget proposal out today:
"Sherrill is also seeking reductions to the nascent Stay NJ property tax relief program championed by Assembly Speaker Craig Coughlin (D-Middlesex)
That program, which promises to cut New Jersey seniors’ property tax bills in half and began issuing its first benefits this quarter, would see its maximum award reduced from $6,500 to $4,000 and its income eligibility cap slashed from $500,000 to $250,000.
Benefits from the senior freeze and Anchor property tax relief programs are counted against Stay NJ awards, and Sherrill proposed removing the extra $250 senior homeowners receive under Anchor, though they would still receive that money from Stay NJ."
Another article on the proposed changes, https://patch.com/new-jersey/across-nj/thousands-may-lose-nj-property-tax-relief-under-new-budget-do-you-still-qualify
Oh Mikie you're so fine, oh Mikie, how could you? Threw my vote right under the bus only days after taking the throne.
We pay the highest property taxes in the US in NJ. NJ threw us a bone, 50% off, and we still pay the highest property taxes in the US. Yeah, it's that bad, that uncompetitive with almost any State out there. When you retire, if your family has gone out of State, or not, you are footloose and fancy free to leave. Apparently that's Mikie's choice
The math is average prop tax in us is 4-6K. Most of us pay over 10K, I pay 12,600. Mikie gave me 6,500 off and I still pay the highest taxes in US, still can move, but won't because I do love NJ, I am a native son, but saw the fine print on a possible claw back.
Yeah, she clawed it back, means testing which I am OK with, but clawed back a good portion of the discount retaining me here. But the speed and ease of her action pretty much tells me we are the new piggy bank to cover-her-ass in bad budgeting. As in, no doubt she will dip into this well again and we will lose what little is left.
I can make $500 a month just by crossing the border. So, Mikie, wanna buy a house?
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