HOUSING HOT TOPIC - Overview on Property Tax Relief Programs

April 16, 2025

Refresher on Property Tax Relief Programs
Website link: NJ Division of Taxation

If you haven't heard about Form PAS-1 yet, here is what you need to know:

The NJ Division of Taxation has combined a single application for 3 property tax relief programs for residents over 65 and over, or those who collect Social Security Disability benefits:

Form PAS-1 will not require any documentation unless determined by the state in a letter that was sent to recipients by April 2025.

This combined application can be used by both homeowners and renters (No longer separate applications for ANCHOR-H and ANCHOR-T). Form PAS-1 will appear as a blue booklet in the mail and most seniors and individuals collecting Social Security Disability benefits who filed in the past should have received the booklet in the mail as of this week.

If you have not received Form PAS-1 in the mail, you can:

Eligibility:

  • NEW Stay NJ: Homeowners aged 65 or older, or those collecting SSD Benefits who are homeowners that own and occupy their home (for the entire year) as their principal residence, and have an annual income under $500,000. ONLY for homeowners.
  • The Property Tax Reimbursement (Senior Freeze): Homeowners, born in 1958 or earlier, or who receive SSD benefits, and meet the eligibility requirements for two consecutive years. ONLY for homeowners but includes mobile homeowners.
  • ANCHOR: Homeowners: New Jersey residents who own and occupy a home as of October 1, 2024, and have a gross income up to $250,000. Renters: New Jersey residents who rent their principal residence and have a gross income up to $150,000. Mobile homeowners are considered renters for the ANCHOR program.

Tax Year 2024 applications must be filed by October 31st, 2025. Paper applications mailed on or before the deadline are considered filed on time. Online applications must be submitted by 11:59pm on October 31st, 2025.

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