Nj Property Tax Rebate For Seniors 2024

Nj Property Tax Rebate For Seniors 2024. Staynj would cut seniors property taxes in half and is expected to cost $1.3 billion annually. Going forward, there could be big changes to the anchor benefit as it is be coordinated with the state’s other property tax breaks — the senior freeze and the new stay nj benefit.

This tax break program reimburses eligible new jersey residents, who are senior citizens or disabled persons, for property tax increases on their principal. Murphy, assembly speaker coughlin and senate president scutari say.