Property Tax Freeze Deadline Extended!

See if you qualify and apply now for this cost-saving benefit that could help older and disabled New Jerseyans afford their property taxes!

Source: AARP.org |

If you think you blew it, you could be in luck! The Senior Property Tax Freeze has an extended deadline of June 1 for those who wish to apply.

The new Senior Property Tax Freeze, signed into law in December 2008, raises the eligibility limits from $45,135, if single, and $55,344 for married couples to $60,000 in tax year 2007, $70,000 in tax year 2008, and to $80,000 in tax year 2009, regardless of marital status.

As the Governor said, “By signing this bill, we are easing a burden that has been placed on our senior citizens, especially during this national economic crisis. The expansion of the property tax reimbursement program will help our seniors financially and keep them in their homes where they belong.”

The Property Tax Reimbursement Program reimburses eligible older New Jerseyans and disabled persons for property tax increases. The reimbursement amount is the difference between the amount of property taxes that were due and paid in the “base year” (the first year that a person met all the eligibility requirements) and the amount due and paid in the year a person claims the reimbursement.
Right now there are 132,000 recipients of the tax freeze benefit, but with the new provisions in place, the program adds approximately 70,000 eligible older and disabled residents.
The eligibility increase serves as a much needed relief for many New Jersey residents who are struggling to afford property taxes that, according to The Tax Foundation, are among the highest in the nation.

“Older adults and those living with disabilities and fixed incomes are the most vulnerable during tough economic times,” said Sy Larson, AARP New Jersey State President. “AARP applauds Governor Corzine and the state legislature for expanding programs that can help people stay in their homes.”


Other Resources: 
Governor’s Office
(609) 292-6000
New Jersey Division of Taxation
1-800-882-6587