Get NJ Form PTR-1 2017

Senior Freeze (Property Tax Reimbursement) Program The following forms can be viewed in Adobe Acrobat PDF format. ... Form PTR-2 is a personalized application that we mail only to those who filed an application and met all the eligibility requirements for a reimbursement the previous year.

Mail a completed application to: NJ Division of Taxation Revenue Processing Center Senior Freeze (PTR), PO Box 635, Trenton, NJ, 08646-0635. Senior Freeze (PTR). Call the Senior Freeze hotline at 800-882-6597 for more information.

The Senior Freeze (Property Tax Reimbursement) program reimburses eligible New Jersey residents who are senior citizens or disabled persons for property tax increases on their principal residence (home). Complete this questionnaire to see if you may be eligible for a 2018 Senior Freeze.

Income ceiling hasn't risen in years To qualify for the program, which started in 1997, homeowners must be at least 65 years old or disabled, and be at least a 10-year resident of the state. They also have to be the owners of their residence for three years and be up to date on their property taxes.

2018 Senior Freeze (Property Tax Reimbursement) The Senior Freeze Program reimburses eligible senior citizens and disabled persons for property tax or mobile home park site fee increases on their principal residence.

The over-65 homestead exemption permanently freezes the amount paid for school property taxes.

The property tax is the primary source of revenue for local governments in the United States. ... Ten states have assessment freeze programs that limit how much property values can increase in a year for tax purposes.

A property tax freeze, as the name implies, prevents property tax increases for eligible taxpayers.

Property tax relief is not administered on a federal level, but rather through local governments. In many instances, a real property owner can apply for and receive a real estate tax freeze upon reaching age 65. Homeowners age 65 and older may be eligible for a property tax freeze.

That never stops and, in all likelihood, will rise over time. The thing is: The services that your taxes pay for don't stop. In many areas, much of the property tax goes to fund the schools. The schools have to remain open.