Personal Finance

Big ANCHOR Tax Rebate Deadline Is Here: What To Know

The deadline to apply for your ANCHOR tax rebate checks​ is Friday. Still haven't applied? Here's how:

Don't miss out. Friday is the last day for eligible New Jersey residents​ to apply for the ANCHOR tax rebate checks.
Don't miss out. Friday is the last day for eligible New Jersey residents​ to apply for the ANCHOR tax rebate checks. (Colin Miner/Patch)

Don't miss out. Friday is the last day for eligible New Jersey residents to apply for the ANCHOR tax rebate checks.

Eligible homeowners can expect to receive $1,500, with renters receiving $450. Senior homeowners can receive up to $1,750, and senior renters can receive up to $700, depending on their income.

Applicants can submit an Application for Property Tax Relief on their own by Oct. 31.

Find out what's happening in Across New Jerseyfor free with the latest updates from Patch.

As of Friday, a total of 1.4 million payments were sent out to New Jerseyans totaling more than $1.6 billion, according to Jeremy Lemmon, a Spokesman with the NJ Department of Treasury.

Those who filed paper applications are receiving checks, and online applicants had the option to get a check or direct deposit.

Find out what's happening in Across New Jerseyfor free with the latest updates from Patch.

Of those payments, 739,000 were made via paper checks, totaling more than $901 million, and 746,000 were processed as direct deposits, totaling more than $731 million.

Eligibility for ANCHOR Rebate

Most residents who are eligible for ANCHOR benefits, who are under 65 and do not collect social security disability benefits, received a confirmation letter in August.

This letter confirms whether your application was auto-filed by the NJ Division of Taxation.

Those who did not receive a letter but believe they are eligible can still file their own application.
See eligibility requirements below:

Homeowners are eligible if:

  • You were a New Jersey resident, and
  • You owned and occupied a home in New Jersey that was your principal residence (main home) on Oct. 1, 2024; and
  • Your home was subject to property taxes, and
  • Your 2024 New Jersey gross income was not more than $250,000.

Renters are eligible if:

  • You were a New Jersey resident
  • You rented and occupied a residence in New Jersey that was your principal residence (main home) on Oct. 1, 2024
  • Your name was on the lease or rental agreement
  • You paid rent
  • The rental property was subject to local property taxes
  • Your 2024 New Jersey gross income was not more than $150,000.

You can also check your tax relief eligibility online here

Check Your Status

For those who didn't receive their check yet, your benefits could still be on the way. You can check your status or apply online by visiting nj.gov/treasury/taxation/relief.

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