New Jersey residents looking for financial relief may breathe a sigh of relief as the state has extended the deadline for the ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) property tax relief program. If you haven’t applied yet, here’s what you need to know about the revised deadline and the program’s benefits.
New Deadline Announced
The application deadline for the ANCHOR program has been pushed from November 30 to December 6. This extension provides homeowners and renters additional time to submit their applications after the Thanksgiving holiday, allowing more residents to take advantage of this crucial property tax relief initiative.
Who is Eligible?
The ANCHOR program aims to assist both homeowners and renters in New Jersey by offering significant financial support. Here are the details:
- Homeowners can receive up to $1,500.
- Renters are eligible for up to $450.
- An additional $250 is available for eligible senior residents.
With an estimated two million residents set to benefit this year, the ANCHOR program represents a vital source of financial assistance for many households.
Benefits Distributed So Far
As of now, the New Jersey Division of Taxation has successfully issued ANCHOR benefits to approximately 1.6 million taxpayers, totaling over $1.9 billion in relief. This significant sum underscores the vital role that this program plays in supporting New Jersey residents amid rising costs.
Why You Should Apply
State Treasurer Elizabeth Maher Muoio highlighted the importance of this program, saying, “With the busy holiday season upon us, we’ve extended the ANCHOR season to ensure all qualifying New Jerseyans can apply for this significant property tax relief.” The goal is clear: to ensure that no eligible resident misses out on this important financial assistance.
If you think you may qualify, it’s essential to check your eligibility and complete your application before the new deadline of December 6.
How to Apply
To apply for the ANCHOR program, residents can visit the New Jersey Division of Taxation’s website for guidelines and application instructions. Being proactive now can ensure that you receive the financial relief that may make a significant difference during the holidays and beyond.
Conclusion
With the deadline extension for the ANCHOR property tax relief program, New Jersey homeowners and renters have a valuable opportunity to secure much-needed financial support. If you haven’t yet submitted your application, make sure to do so by December 6 to benefit from this program. Stay informed, check your eligibility, and take action to ensure you receive the relief you deserve!
