Affordable New Jersey Communities for Homeowners and Renters (ANCHOR)

Homeowners and Renters Can Receive Payments of up to $1,500

In New Jersey more than three million residents are eligible for up to $1,500 in property tax relief under the NJ ANCHOR program. 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.

Here are a few important dates to keep in mind:

• The deadline for filing is December 30th, 2022.
• Payments will be sent no later than May 2023.

In addition, ANCHOR payments will be paid in the form of a direct deposit or check, not as credits to your current or any upcoming property tax bills. There will be a mailing of ANCHOR benefit information to homeowners and tenants. Keep in mind you need to wait until the first week in October to receive your mailer. Homeowners who filed a homestead benefit application last year may be able to obtain their ID and PIN numbers online.

Here is a link to the ANCHOR program here. https://www.nj.gov/treasury/taxation/anchor/index.shtml