ANCHOR Is Back - With Some Changes

New Jersey is rolling out the second year of the ANCHOR property tax relief program, with the following enhancements:

• The benefit for senior citizens over age 65 has increased by $250.
• The New Jersey Division of Taxation will be filing the application on behalf of most qualified residents who received a 2019 ANCHOR benefit earlier this year. If you receive an ANCHOR Benefit Confirmation Letter and all of the information contained in the letter is correct, you do not have to file an application for the 2020 benefit.

The Division of Taxation will be offering webinars to provide guidance to homeowners and renters. The topics of discussion will include eligibility requirements, filing options and benefit amounts. View the webinar schedule. 

For more information about ANCHOR, visit anchor.nj.gov.