Makes permanent additional $250 ANCHOR property tax benefit for certain senior citizen homeowners and tenants.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill makes permanent an additional $250 property tax benefit under the ANCHOR program for eligible senior citizen homeowners and tenants in New Jersey. Specifically, it extends the availability of this $250 benefit for those 65 or older with gross incomes not exceeding $250,000 (for homeowners) or $150,000 (for renters) who receive ANCHOR property tax relief. The benefit is currently available through State Fiscal Year 2026 and this bill ensures it continues annually.
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