New ANCHOR Property Tax Relief Program

A new property tax relief program is replacing New Jersey's previous Homestead Benefit program. The Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) program will benefit a large number of homeowners and includes tenants.

Homeowners

• $1,500 for taxpayers with 2019 gross incomes up to $150,000
• $1,000 for those with 2019 gross income above $150,000 but no higher than $250,000. 

Tenants 

• $450 for those with 2019 gross income up to $150,000

Applications will be available this fall, and the deadline for submission is Dec. 30, 2022. The benefit will be paid no later than May 2023.