Variations in Receipt of Benefit
No Variation in Receipt of Benefits
The state reimburses to the taxpayer the difference between the amount of property tax paid in the base year (i.e. first year of meeting all eligibility requirements) and the amount paid in the current year. The calculation of the reimbursement uses the gross amount of property taxes before deducting any senior citizen and/or veteran's property tax deductions the applicant receives. Applications must be made annually to the State Department of the Treasury. Applications for the 2017 Senior Freeze must be made by 31 October 2018. Applications for the 2018 Senior Freeze must be made by 31 October 2019.
How is Benefit Disbursed
Direct payment to taxpayer
Eligible Property Type
Characteristics of Eligible Property
Eligible properties include multiple-family buildings with up to 4 units with no more than 1 commercial unit, as well as mobile homes. Vacation homes are not eligible.
Description of Eligibility Criteria
Applicants must be at least 65 years of age in the year prior to the benefit, or must be receiving Federal Social Security disability benefits. In 2017, the applicant must be the owner of the homestead or a manufactured or mobile home or a lessee of a site in a mobile home park and have lived in the home since 31 December 2013, and continuously in the state since 2006. In 2018, the applicant must be the owner of the homestead or a manufactured or mobile home or a lessee of a site in a mobile home park and have lived in the home since 31 December 2014, and continuously in the state since 2007. Eligible claimants are only entitled to receive payments on one homestead within the state in the same tax year. Current and prior year property taxes must have been paid in full by 1 June of that year. In 2017, income limit is based on 2016 and 2017 income. The limit for both married and single individuals is $87,007 in 2016 and $70,000 in 2017. In 2018, income limit is based on 2017 and 2018 income. The limit for both married and single individuals is $87,268 in 2017 and $89,013 in 2018. Applicants must meet all of the eligibility requirements for 2 consecutive years in order to be eligible. For seniors and disabled homeowners who move to another home within New Jersey, an eligible claimant in a previous tax year can qualify as an eligible claimant beginning in the second full tax year following the move to another homestead, despite not meeting the 3-year minimum residency and ownership requirements.
Local Option in Adoption of Program
Local government is unable to exercise an option
Local Option Regarding Program Features
No local option regarding program features
State Funding for Local Tax Loss
State reimburses all of the local government tax loss
Description of State Funding for Tax Loss
The state reimburses the homeowner directly.
[https://www.state.nj.us/treasury/taxation/pdf/ptr/ptr18-cp.pdf accessed 4/3/2019]
View Archived Source
New Jersey Department of the Treasury Senior Freeze Application and Information Packet, 2017 for filing in 2018
New Jersey Department of the Treasury Senior Freeze Application and Information Packet [https://www.state.nj.us/treasury/taxation/pdf/ptr/16-ptr1-cp.pdf Accessed 09/17/2018] View Archived Source
Senior Freeze (Property Tax Reimbursement) Income Limit History
[http://www.state.nj.us/treasury/taxation/pdf/ptr/incomehistory.pdf Accessed 05/30/2018]
View Archived Source