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New Jersey Property Tax Relief Programs
The State sponsored several programs to offset Property Tax. These programs are often subject to legislative revision; check with the latest data on the site below.
SAVER Rebate
Who is eligible:
Residents who owned a home in New Jersey that was their principal residence on October 1, provided that property taxes are paid on the property for that year.
What is the benefit:
The rebate represents equalized home values (up to $45,000) multiplied by the effective school tax rate for the municipality. Amount varies by municipality.
How to File:
Call 1-877-658-2972 (toll-free within New Jersey, New York, Pennsylvania, Delaware and Maryland) or 609-826-4288. Applications can also be filed on the Division's Web site at:
NJ Department Of Treasury Taxation SiteWhen to File:
By June 30*
Homestead Rebate
Who is eligible:
Homeowners and tenants who pay property taxes on their principal residence in New Jersey, either directly or through rent, and whose gross income does not exceed $100,000 ($40,000 for homeowners who are not 65 years of age or disabled).
What is the benefit:
Rebate ranging from $60 to $500
How to File:
Form HR-1040 (and Form NJ-1040, if required), or Homestead Rebate Application section of Form NJ-1040EZ, or of a return filed electronically using NJ PC File, NJ TeleFile or approved vendor software.
When to File:
By April 15 (or extended due date)*
Property Tax Reimbursement
Who is eligible:
Homeowners, including owners of mobile homes located in mobile home parks, age 65 or older, or receiving Federal Social Security disability benefits, who paid property taxes on their principal residence in New Jersey either directly or through mobile home park site fees.
Applicants must be New Jersey residents for at least the past 10 years, and lived in the home for which reimbursement is claimed for at least the last 3 years, and must meet certain income limits. Applicants must meet all requirements for both base year and reimbursement year.
What is the benefit:
Reimbursement of the difference between the amount of property taxes paid for the base year and the amount paid for the reimbursement year.
How to File:
Form PTR-1 for residents who did not receive a prior year's rebate or Form PTR-2 for residents who did receive a prior year's rebate.
When to File:
By March 15 (Deadline for 2000 reimbursement extended to July 31, 2001)*
Property Tax Deduction/Credit
Who is eligible:
Homeowners and tenants who paid property taxes on their principal residence in New Jersey either directly or through rent during the year.
What is the benefit:
Either:
(a) Deduction from taxable income of the total amount of property taxes paid on principal residence (for tenants, 18% of rent) or $10,000, whichever is less; or
(b) $50 refundable credit
How to File:
Form NJ-1040, Form NJ-1040EZ, a return filed electronically using NJ PC File, NJ TeleFile or approved vendor software, or Form HR-1040 if not required to file an income tax return.
By April 15 (or extended due date)*
Senior Citizens' Annual Property Tax Deduction
Annual deduction of up to $250 from property taxes for homeowners age 65 or older or disabled who meet certain income and residency requirements. This benefit is administered by the local municipality.
Veterans' Deduction:
Annual deduction from taxes due on real or personal property paid to qualified war veterans and their unmarried surviving spouses. The deduction is $150 for 2001, $200 for 2002 and $250 for 2003 and thereafter. This benefit is administered by the local municipality.
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A Public Forum On Property Tax