Major changes coming to property-tax relief process for NJ seniors [View all]
by John Reitmeyer, Budget/Finance Writer | January 30, 2025 | Budget, Personal Finance
New, combined application form for three separate property-tax relief programs
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The debut of the combined application means seniors and disabled homeowners can for the first time in New Jersey seek benefits provided through the Anchor and Senior Freeze programs, as well as a promised new program called Stay NJ, without having to fill out separate applications for each program.
Murphy and lawmakers have been socking away hundreds of millions of dollars annually over the last few years to help pay for the initial rollout of the Stay NJ program.
Still, while the overhaul of the application process for seniors is rolling out, Treasury’s news release cautioned that the availability of funding for the next round of various property-tax relief benefits remains “subject to State Budget appropriations.”
On Feb. 25, Murphy, a second-term Democrat, is scheduled to present his plan for the state’s next annual budget to a joint session of the Legislature. The next budget must be in place for the July 1 start of the 2026 fiscal year or state government is required to shut down.
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