There are two separate and distinct property tax relief programs available to New Jersey homeowners.
Property Tax Reimbursement Program also known as the Tax Freeze Program:
A State administered program, for information call 1-800-882-6597
This program is designed to freeze the burden of increasing real estate taxes for qualified applicants by establishing a base year of eligibility and comparing that “base” with any subsequent year, the difference to be refunded by the State annually.Eligibility must be continuous otherwise a new base year must be established.
Qualifications as of 2009 to apply for the 2008 Reimbursement are as follows:
1.Must make application annually with the State by June 1st;
2.On December 31, 2007 must have been age 65 or older or Receiving Federal Social Security Disability Benefits
*Must provide proof with application that the age or disability requirements were met for both 2007 and 2008;
3.Must have lived in New Jersey continuously since before January 1, 1998, as either a homeowner or a renter;
4.Must have owned and lived in your New Jersey home since before January 1, 2005;
5.Property taxes for the year 2007 must have been paid in full by June 1, 2008 and property taxes for the year 2008 must be paid in full by June 1, 2009
*The Township can not fill out your verification form if you have open 2008 taxes;
6.Must have a Total Income of $60,000 or less for 2007 and a Total Income of $70,000 or less for 2008
ALL OF THE ABOVE REQUIREMENTS FOR 2007 AND 2008 MUST BE MET TO APPLY FOR THE PROPERTY TAX REIMBURSEMENT PROGRAM
New Qualifying applicants may pick up a PTR-1 Booklet in the Tax Collectors Office or directly from the State by calling them at 1-800-882-6597 or visiting: 2008 Property Tax Reimbursement (Freeze) Forms.
Homestead Rebate Program ~ 2008 Information is not yet available, below is the information for the 2007 Homestead Rebate
A State administered program, for information call 1-877-658-2972
The Homestead Rebate Program provides rebates for homeowners and tenants who occupied their principal residence in New Jersey on October 1, paid property taxes on that dwelling either directly or through rent, and whose gross income for the entire year does not exceed certain limits.
Only New Jersey residents who were either homeowners or tenants on October 1, 2007, are eligible for a 2007 homestead rebate. Homeowners and tenants file different applications according to their status on October 1:
Tenant: If you were a tenant on October 1, 2007, file a Form TR-1040, tenant homestead rebate application, contained in the 2007 resident income tax return booklet.
Homeowner: If you were a homeowner on October 1, 2007, a 2007 homestead rebate application will be mailed to you. Homeowners do not file Form TR-1040, doing so will delay the payment of your homestead rebate.
If you were neither a homeowner nor a tenant on October 1, 2007, you are not eligible for a 2007 homestead rebate, even if you owned a home or rented a qualified dwelling for part of the year.
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