The NJ Division of Taxation has announced that they will begin mailing the 2018 Homestead Benefit applications in mid-September. They advise anyone who requested the application be sent electronically, to be mindful of this date and to check their email junk folders.
The Fiscal Year 2022 Appropriations Act passed in June calculates the benefit using 2017 property tax assessments, replacing the previous 2006 assessment. This switch is anticipated to increase the average estimated credit or payment to senior and disabled taxpayers by $130 and the average benefit for lower-income homeowners by $145.
New Jersey's Homestead Benefit program provides property tax relief to eligible homeowners.
All property tax relief program information provided here is based on current law and is subject to change. For questions, call New Jersey's Homestead Benefit Hotline at 888-238-1233 or visit the HBP page on the state website.