Maximizing Property Tax Benefits with the Anchor Program

💰The Anchor Program provides property tax benefits for homeowners and tenants in New Jersey.

🏡To be eligible for the Anchor Program, you must have been a resident of New Jersey and owned or rented a home on October 1, 2019.

📝Homeowners can receive a benefit amount ranging from $1,000 to $1,500 based on their income.

💼Tenants can receive a benefit amount of $450 if their income is $150,000 or less.

📅The filing deadline for the Anchor Program is December 30, 2022, and benefits will be paid by May 2023.

I did not receive or cannot retrieve my ID and PIN number. What should I do?

—If you filed a homestead benefit application in the past and are eligible for the Anchor Program, you can retrieve your PIN online. For homeowners who did not receive the Anchor mailer, contact 1-888-238-1233.

When should I file a paper application?

—Homeowners can file a paper application if they have shared ownership of their main home, own a multi-unit property, need to correct the name on the mailer, are a widow/widower, are an executor filing for a deceased homeowner, occupied a newly constructed home, or don't have an ID and PIN number.

00:02This video introduces the Anchor Program, a property tax benefit program in New Jersey.

03:41Eligibility criteria for homeowners and tenants are discussed, including residency requirements and income limits.

08:44The benefit amounts for homeowners and tenants are explained, based on income range.

11:43Frequently asked questions are answered, addressing topics such as ID and PIN retrieval and filing paper applications.