New Jersey is continuing to issue ANCHOR property tax relief payments, and the application deadline is Monday, Nov. 2. Payments range from $450 for renters to $1,500 for homeowners, and residents 65 and older can receive more. Payments typically go out about 90 days after an application is filed, so those who apply late may not be paid until 2027.
According to Patch, New Jersey is issuing payments under ANCHOR (Affordable New Jersey Communities for Homeowners and Renters), its property tax relief program for homeowners and renters, and the application deadline is Monday, Nov. 2. Payments to homeowners and renters under 65 began Thursday, Oct. 15. Residents 65 and older began receiving their payments about two weeks earlier, on Thursday, Oct. 1.
Payment amounts are the same as last year. Benefits range from $450 for renters to $1,500 for homeowners. Homeowners 65 and older can receive up to $1,750 depending on income, and renters 65 and older can receive up to $700. However, with the new budget passed in July, the extra $250 that some older homeowners previously received has been eliminated as of this year. Patch reported that about $2 billion has been set aside and that roughly $1 billion is expected to be paid out in relief.
This year's payments are based on 2025 income, age and residency. For most eligible residents, the state automatically re-files their applications, and in that case a confirmation letter should already have arrived in the mail. First-time applicants and people 65 and older who receive Social Security disability benefits must apply themselves. To apply directly, you will need your 2025 property tax information (county and municipality code, block, lot and qualifier, and amount of tax) and the total income listed on your 2024 New Jersey income tax return (NJ-1040). Residents 65 and older can use the combined PAS-1 application to apply for ANCHOR, Senior Freeze and Stay NJ benefits at once.
When you are paid depends on when you apply. Payments typically go out only after 90 days have passed since the application, so those who apply close to the deadline may not be paid until 2027. People who applied on paper receive a paper check in the mail, while those who applied online could choose between a check and direct deposit. You can check the status of your application on the state's ANCHOR website.
ANCHOR is a New Jersey state program for homeowners and renters who live in New Jersey. Unless you are automatically re-enrolled, you must complete your application yourself before the deadline of Monday, Nov. 2.