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 The actual form is 3 pages. There are 12 pages of instructions and worksheets.
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.........
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