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ANCHOR Property Tax Relief Program Application Deadlines Announced for NJ Homeowners and Renters
The Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) initiative continues to provide property tax relief, with key dates set for the 2020 filing.
The State of New Jersey has set the deadlines for the 2020* ANCHOR Property Tax Relief Program, a critical initiative that grants property tax relief to eligible residents. Whether homeowners or renters, those who qualify must adhere to the stipulated timelines to secure this financial benefit.
*Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) Property Tax Relief Program; current filing is for 2020.
- Who: New Jersey residents who owned or rented their principal residence on October 1, 2020, and meet specific income limits.
- What: Property tax relief provided by the State.
- When: For those receiving an “ANCHOR Benefit Confirmation Letter,” updates must be filed before September 30, 2023. Others have until Friday, December 29, 2023, to file the 2020 ANCHOR application.
- Where: Across New Jersey.
- Why: To offer financial assistance to homeowners and renters through property tax reductions.
- How: Homeowners can file by phone at 1-877-658-2972. Both homeowners and renters can file electronically or obtain a paper application at NJ Division of Taxation - ANCHOR Program.
Understanding the Application Process:
- ANCHOR Benefit Confirmation Letter: If you received a 2019 ANCHOR benefit, a confirmation letter for the 2020 application will arrive in August 2023. Any changes must be updated before September 30, 2023.
- Without a Confirmation Letter: If you do not receive this letter, you must file the 2020 ANCHOR application by December 29, 2023.
The ANCHOR Program has been instrumental in easing the financial burden of property taxes for countless New Jersey residents, aligning with the state’s ongoing commitment to making housing more affordable.
Local authorities urge eligible residents in Morristown, Morris County, and throughout New Jersey to take note of these critical dates and follow the proper channels to apply. This proactive approach ensures that all who qualify will benefit from the ANCHOR Program, contributing to the financial well-being of homeowners and renters alike.
