Who qualifies for an ANCHOR rebate in NJ?
It is possible to qualify for New Jersey’s ANCHOR benefit in the case of owning or renting a main home in the state. The income should fit the program’s limits for the latest application cycle.
What is the NJ ANCHOR rebate?
It’s a state property-tax relief benefit that pays eligible New Jersey homeowners and renters. Each cycle is linked with a specific year of residency & income and age — the latest cycle used 2024 information.
What are NJ ANCHOR qualifications?
Qualification is possible when you satisfy the program’s home status rules — owner or tenant. Taxpayers should live at the address as their main home on October 1, 2024 and their New Jersey gross income — from NJ-1040 line 29 for that cycle should remain under the cap for the track.
Who qualifies as a homeowner for ANCHOR?
You fulfill qualification criteria as a homeowner when you owned and occupied the property as your principal residence on that date and you paid property taxes attributable to it
Which homeowner situations are treated as eligible?
The homeowner setups presented below can qualify when the property is the main home:
- A condominium you own and pay property taxes on
- A co-op where you are a resident shareholder and the unit’s property taxes apply to you
- Specific continuing care retirement community units where the contract requires to pay the proportionate share of property taxes
Which homeowner properties are excluded?
These property situations listed do not fulfill the qualification for the homeowner benefit:
- A second home or vacation home
- A home you rent out to someone else
- A property with more than four units
- A property with four units or fewer that includes more than one commercial unit
- A home where you are fully exempt from property taxes
- A home where you made P.I.L.O.T. payments to the municipality instead of property tax
Who qualifies as a renter for ANCHOR?
You qualify for the NJ ANCHOR rebate for renters when you rented and lived in the residence as the main home on that date and you paid rent for it.
What are Qualified rental properties NJ ANCHOR rules mention by name?
The Division of Taxation highlights rental units operating in parallel to a municipal P.I.L.O.T. agreement as eligible. And it also treats mobile homes in a mobile home park plus rented condo/co-op units as renter-eligible housing types.
Which rentals are considered non-qualifying?
The rental situations outlined are listed as non-qualifying:
- Tax-exempt housing owned by a government entity
- On-campus apartments at New Jersey colleges and universities
- Housing owned by religious, charitable or other nonprofit organizations
- Other residences exempt from local property taxes
What are the income limits used for NJ ANCHOR rebate eligibility?
The program calculates benefits using the New Jersey gross income figure from the state return. It’s with different caps in line with whether you apply as a homeowner or renter.
How much is the ANCHOR benefit?
For the latest cycle, the benefit amount varies in parallel to applicant type, age and — for homeowners — which income tier you fall into.
What are NJ ANCHOR eligibility requirements for older residents and disability recipients?
In that cycle, taxpayers age 65+ and those receiving Social Security disability benefits were required to file the Property Tax Relief Application — Form PAS-1 — on their own instead of being auto-filed.
How were applications handled for that cycle?
In general, many eligible applicants under 65 who were not receiving Social Security disability benefits were filed automatically on September 15, 2025. This is based on prior application information with confirmation letters mailed August 13, 2025.
How do you apply or check status for a current or future cycle?
You apply online through the Division of Taxation’s ANCHOR portal — or use Form PAS-1 when required. Taxpayers are able to check benefit status in the same system.
What should you prepare before you start an application?
Bring the items the portal commonly requests:
- Your state return for the applicable year in order to confirm the income figure
- If you own, details found on your property tax bill — county/municipality code, block/lot/qualifier and property tax amounts
- If you want direct deposit — your banking details
- Your ID.me login details for identity verification
A low-stress filing flow
- Confirm you fit the homeowner or renter track for the cycle you are applying for
- Collect the docs listed above
- Complete ID verification once prompted
- Submit the application online — or file the required paper form
- Check status upon submission and respond if the state requests documentation
How do you handle life events like a death during the year?
The state enables a surviving spouse/civil union partner or a personal representative to file in specific situations. Sometimes, separate instructions for homeowners and renters and documentation are required.
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FAQs
Who is eligible for anchor property tax relief in NJ?
If you fulfill NJ ANCHOR rebate eligibility as a New Jersey homeowner or renter for the filing year and the income is within the limit, it is possible. Renters should confirm their home satisfies Qualified rental properties NJ ANCHOR rules.
How much is the average anchor rebate in NJ?
There is no single “average” amount. Payments are set by NJ ANCHOR qualifications like homeowner vs renter, age and the income tier — the NJ ANCHOR rebate for renters is typically smaller.
Who gets $1500 from the state of New Jersey?
Homeowners who fulfill NJ ANCHOR eligibility requirements & fall in the $150,000-or-less income tier for that cycle can receive $1,500.
Who is eligible for the $500 rebate in NJ?
For this ANCHOR cycle, benefits aren’t set at $500. In the case of seeing $500 in a notice, it may relate to a distinct NJ property tax relief program or a different year — therefore, confirm using the state portal or letter.