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New Jersey Property Tax Relief Programs
 NJ 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 is based on equalized home values (up to $45,000)
and the effective school tax rate for the municipality.
Amounts vary 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: www.njsaverrebate.com
When 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 $90 to $775**
How to File:
Form HR- 1040 (and Form NJ- 1040, if required), or Homestead
Rebate Application section of Form NJ-1O4OEZ, or of a return
filed electronically using NJ Web/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
reimbursement or Form PTR-2 for residents who did receive
a prior year's reimbursement
When to File:
By March 15*
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-1O4OEZ, a return filed electronically
using NJ Web/PC File, NJ TeleFile, or approved vendor software,
or Form HR-1040 if not required to file an income tax return
When to File:
By April 15 (or extended due date)*
Other:
- 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
SiSO for 2001, $200 for 2002 and $250 for 2003 and thereafter.
This benefit is administered by the local municipality.
*When a due date falls on a weekend or holiday, the application
or return is due on the next business day.
**This maximum benefit will be adjusted annually to reflect
changes in the cost of living.
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