NJ ANCHOR Tax Rebate Payments Rolling Out: Here’s When To Expect Yours

As the ANCHOR tax rebate program begins its fourth year, a new filing and validation system will have New Jersey residents receiving their money sooner rather than later.

According to the New Jersey Department of the Treasury, payments will begin being sent on a rolling basis starting on Monday. Officials said that most residents will receive their rebate roughly 90 days after their application was filed.

Most eligible residents had their ANCHOR applications auto-filed by the state after receiving a confirmation letter in mid-August. However, the deadline is rapidly approaching for eligible residents who need to change their banking information or their mailing address.

Eligible residents who need to change their banking information or address need to file their own application by Monday. You can file your own application online here.

Additionally, those who did not receive an ANCHOR confirmation letter, but believe they are eligible, will need to file their own application by Oct. 31. You can check your eligibility status online here.

Residents who are submitting their own application must provide their Social Security Number or Individual Taxpayer Identification Number and their birth year. The same information is required from the applicant’s spouse/partner, if applicable.

Applicants should also prepare their 2024 property tax details, including their County/Municipality Code, Block/Lot/Qualifier, and tax amounts, as well as the gross income reported on their 2024 NJ-1040.

Those who file by paper will only be able to receive their funds by paper check. Online filers have the option to receive a check or to use direct deposit.

Senior residents who collect social security disability benefits can apply using the combined application, PAS-1. The single application allows seniors to claim benefits from Senior Freeze (Property Tax Reimbursement), ANCHOR, and the new Stay NJ Program.

Expect potential wait times, as the web traffic for the online application is often busy.

Eligibility

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.

How Much Money To Expect

The rebate amounts will be the same as last year’s: $450 for renters to $1,500 for homeowners. Senior homeowners can receive up to $1,750, and senior renters can receive up to $700, depending on their income.

Related Coverage:

• NJ ANCHOR Tax Rebate Letters Arrive: Here's What's Next
• NJ ANCHOR Tax Rebate Filing Deadline Approaches
• ANCHOR Tax Rebate Update: Check Your Mailbox For Eligibility
• Big Changes To NJ ANCHOR Tax Rebate Start This Week: What To Know