The bill seeks to align Stay NJ — a tax credit program that promises to cut seniors' tax bills in half, to an indexing cap of $6,500, beginning in 2026 — with the senior freeze and Anchor property tax rebate programs.
Eligible applicants can file the 2022 Senior Freeze application (Form PTR-1) online at nj/ treasury/taxation/ptr or by paper, using the form in this booklet. Applications must be filed on or before Octo- ber 31, 2023. Online applications must be filed by p.m., October 31, 2023.
Who qualifies for a senior property tax exemption? he eligibility criteria for senior property tax exemptions vary by location. Generally, they are available to homeowners who are at least a certain age (often 65 or older) and meet specific income or property value requirements.
You (or your spouse/civil union partner) were: 65 or older on December 31, 2022; or. Actually receiving federal Social Security disability benefit payments (not benefit payments received on behalf of someone else) on or before December 31, 2022.
Eligible applicants can file the 2023 Senior Freeze application (Form PTR-2) online at nj/treasury/ taxation/ptr or by paper, using the form in this booklet.
StayNJ: An Overview. StayNJ is designed to offer tax credits to New Jersey homeowners who are 65 and older. These tax credits can cover up to half of their property tax bills, with a maximum cap of $6,500, provided their annual income does not exceed $500,000.