What you should know
- Starting Tuesday, they will begin receiving refunds of up to $1,500 from the ANCHOR program, which provides property tax relief to those who bought or rented their primary residence from October 1, 2019 through December 31, 2019 and who have complied with the income limits.
- More than 800,000 Garden State taxpayers will receive direct deposit of their ANCHOR refund payment on Tuesday. Following the issuance of direct deposit payments, paper checks will begin to be mailed the first week of April, in bulk mailings.
- Residents who are concerned about not receiving direct deposit can check the status of their application and payment here.
NEW JERSEY – Good news for some New Jersey residents and relief for their pockets.
Effective Tuesday, they will begin receiving reimbursement payments of up to $1,500 from the ANCHOR program, which provides property tax relief to those who purchased or rented their primary residence from October 1, 2019. as of December 31, 2019 and met income ceilings.
Governor Phil Murphy and Chief Financial Officer Elizabeth Maher Muoio announced the news on Monday, noting that the first batch of ANCHOR reimbursement payments will be on their way for those who have chosen their direct deposit reimbursement.
More than 800,000 Garden State taxpayers will receive direct deposit of their ANCHOR refund payment on Tuesday. Following the issuance of direct deposit payments, paper checks will begin to be mailed the first week of April, in bulk mailings.
Residents who are concerned about not receiving direct deposit can check the status of their application and payment here.
If no payment is received by May 3, 2023, applicants should use the request status link or call 1-888-238-1233 for more information. If the state indicates that a payment has been made but not yet received, taxpayers should call the hotline one week after a direct deposit was supposed to be sent or two weeks after a check was supposed to be sent by the job.
In total, more than 1.7 million New Jersey residents have applied for the ANCHOR rebate program, including 1.25 million homeowners and more than 514,000 renters.
Homeowners with incomes up to $150,000 will receive assistance of $1,500; landlords with incomes between $150 and $250,000 will receive $1,000 and renters with incomes under $150,000 will receive $450 to offset rent increases.
“At a time when families are facing increasing pressure on their wallets, it’s good to know we’re delivering on our promise to make New Jersey more affordable,” Governor Murphy said.
The property tax refund program Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) Old Property Tax Relief Program Update Homestead benefit extending assistance to tenants and raising the income threshold for eligible homeowners. Established in the state budget for fiscal year 2023, Governor Murphy has proposed to continue full funding of $2 billion for fiscal year 2024 in the next budget.
The application closed on February 28.