Get NJ PTR-1A 2019-2024

Specifically, the law (A1) will put an annual 50% credit directly on senior homeowners' property tax bills for their primary residences, initially capped at $6,500 — though it would be indexed, meaning it would go up if property taxes rise.

Property Tax Reimbursement Applicants must be New Jersey residents for at least 10 years, and lived in the home for which reimbursement is claimed for the last 3 years, and must meet certain income limits.

Payments will be issued on a rolling basis. Most applicants can expect to receive their payment approximately 90 days after filing the application, unless we request additional information to process your claim.

Property Tax Reimbursement Applicants must be New Jersey residents for at least 10 years, and lived in the home for which reimbursement is claimed for the last 3 years, and must meet certain income limits.

PTR-1 Application NumberApplication NamePTR-1Property Tax Reimbursement ApplicationInstructions for Form PTR-1Complete PacketPTR-1AHomeowners Verification of Property Taxes3 more rows • 10-Feb-2023

The PTR-1 is the application used by first-time applicants or for those who must re-establish themselves back into the Senior Freeze program. This form establishes your base year property tax amount, which is used to calculate the reimbursement going forward.

Phil Murphy. Spearheaded by Assembly Speaker Craig Coughlin, the initiative, called StayNJ, will provide tax credits worth 50% of property tax bills—up to $6,500—for incomes up to $500,000 for homeowners ages 65 and older. The catch: The benefits won't go into effect until January 2026.

PROPERTY TAX REIMBURSEMENT. PROGRAM (PTR) RESIDENTS CAN APPLY FOR THE PROPERTY TAX REIMBURSEMENT PROGRAM (NEW JERSEY SENIOR FREEZE) THE YEAR THEY TURN 67 YEARS OF AGE. PLEASE NOTE: THERE IS AN INCOME LIMIT TO BE ELIGIBLE TO APPLY.