Last Call! Secure Your Anchor Property-Tax Relief by Dec. 6!
Credit: (AP Photo/Seth Wenig) Time is ticking! If you’re a homeowner or renter in New Jersey, you could snag up to $1,750 in property-tax relief through the Anchor program, but you need to act fast. The application deadline is just around the corner—December 6th is your last chance to get in on this valuable aid!
Originally set for November 30, this deadline has been extended by Governor Murphy to give you a little extra breathing room after the Thanksgiving festivities. This is your golden opportunity to offset those hefty property taxes from 2021, making it a win-win for both homeowners and renters alike!
Eligibility is straightforward: homeowners earning up to $250,000 in 2021 and renters making up to $150,000 can apply. Depending on your age, income, and residency, you could receive benefits ranging from $450 to a whopping $1,750.
Curious about how to apply? Check out the Anchor program details and get started here: https://www.nj.gov/treasury/taxation/anchor/.
Want to stay in the loop regarding New Jersey’s property-tax relief initiatives? Here’s a sneak peek of some recent developments:
Streamlining the Path to Property-Tax Relief
Governor Murphy has announced new legislation aimed at simplifying the application process for property-tax relief programs like Anchor and Senior Freeze, making it easier than ever for residents to access these benefits! Plus, there’s exciting news on a planned new property-tax relief initiative for senior homeowners that hopes to roll out by early 2026.
Murphy expressed his gratitude to lawmakers for their commitment to this transformative legislation, which promises a single combined application form set to launch in February 2025. “This is a game changer for our residents!” he said.
Read the full story here.
Fighting Fraud: Important Updates on Anchor Benefits
In a proactive move to protect taxpayer interests, New Jersey temporarily suspended its online tool for checking Anchor benefit statuses due to a surge in suspected fraud cases. The tool has since been reinstated, but not before some direct deposit payments were reversed in an effort to safeguard the program.
Taxpayers were left buzzing on social media, sharing their experiences as they navigated this unexpected challenge during the fraud investigation.
Read the full story here.
Funding the Future of Property-Tax Relief
In a bid to fulfill a significant election promise, a key legislative panel has unanimously approved a plan to enhance property-tax relief for senior homeowners. Despite some concerns regarding fairness and budget implications, Governor Murphy and legislators have earmarked millions for this initiative, aiming to roll out benefits for households making up to $500,000 by early 2026.
These allocations are in addition to the $2 billion already set aside for the next round of Anchor benefits, which can reach $1,750 for eligible senior homeowners!
Read the full story here.
Battling Fraud: Over 900,000 Applications Blocked
New Jersey’s Division of Taxation has taken significant steps to protect the integrity of the Anchor program, thwarting over 900,000 fraudulent applications last year alone. As part of ongoing efforts to enhance security, applicants are now facing additional identity verification processes.
Taxpayers are urged to remain vigilant against scammers who may target those applying for benefits, promising easy cash while asking for personal information. Remember: the state will never ask for your sensitive information via text!
Read the full story here.
