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Posted on: October 24, 2022

New Jersey ANCHOR Property Tax Relief Program- Deadline Extended

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During his State of the State Address, Governor Phil Murphy announced that, in concert with Senate President Nicholas Scutari and Assembly Speaker Craig Coughlin, the State of New Jersey is extending the application deadline for the new ANCHOR property tax relief program to ensure every eligible New Jerseyan takes advantage of the sizable relief.

The new application deadline is being extended to February 28, 2023, giving taxpayers an extra month to apply. The deadline was previously extended to January 31 to allow tenants who had been ineligible because their unit is under a PILOT (Payment in Lieu of Taxes) agreement to apply for the benefit.

Over 870,000 homeowners with incomes up to $150,000 will receive $1,500 in relief; over 290,000 homeowners with incomes over $150,000 and up to $250,000 will receive $1,000; and over 900,000 renters with incomes up to $150,000 will receive $450 to help offset rent increases.

All payments will begin going out in late spring, regardless of when taxpayers file. Payments will be issued in the form of checks or direct deposits and are not subject to federal or State income tax.

To be eligible for this year's benefit, homeowners and renters must have occupied their primary residence on October 1, 2019 and file or be exempt from NJ income taxes.

Eligible homeowners can apply online, by phone, or via paper application, which can be downloaded online and returned by mail. Tenants can apply online, or download the application from the Taxation website and return by mail (there is no phone option for tenants, as this is the first time this group will be eligible for property tax relief).

Applicants are encouraged to consult the detailed information posted on the Division of Taxation's website, including an extensive list of Frequently Asked Questions, before calling the ANCHOR hotline. For more information, visit or call the ANCHOR hotline at 1-888-238–12331-888-238–1233.

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