Property Tax Reimbursement (Senior Freeze)

State

New Jersey

Year

2022

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Credit

Benefit

The state reimburses taxpayers 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. The application deadline for the 2019 Senior Freeze, normally due by 2 November 2020, has been extended to 1 November 2021. The application deadline for the 2020 Senior Freeze is 1 November 2021.

How is Benefit Disbursed

Direct payment to taxpayer

Eligible Property Type

Residential

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.

Eligibility Criteria

Age

Disability

Homeowner

Income Ceiling

Description of Eligibility Criteria

Applicants must be at least 65 years of age in the year prior to the benefit or receiving Federal Social Security disability benefits. The applicant must be the owner of the homestead or manufactured/mobile home, or a lessee of a site in a mobile home park. They must have lived in the home since 31 December 2017 and lived continuously in the state, either as a homeowner or renter, since 2010. 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. For the 2022 application, income limit is based on 2020 and 2021 incomes. The limit for both married and single individuals is $92,969 in 2020 and $94,178 in 2021. Applicants must meet all of the eligibility requirements for two consecutive years 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.

Record ID

NJ104_RR22

Footnotes

Income eligibility limits shall increase annually by the maximum Social Security benefit cost of living increase. The director shall adopt new income limits annually by notice or regulation. Total income includes Social Security benefits and other retirement income. Applications must be filed by 31 October of the year following the year for which the claim is being made.

Sources

N.J. Rev. Stat. § 54:4-8.67 ~ § 54:4-8.75 (in effect for 2022)
New Jersey Department of the Treasury, Senior Freeze (Property Tax Reimbursement) Application and Information Packet, Form PTR-1 (2021 for filing in 2022)
[https://www.state.nj.us/treasury/taxation/pdf/ptr/ptr21-cp.pdf Accessed 12/23/2023]
View Archived Source

New Jersey Department of the Treasury, Senior Freeze (Property Tax Reimbursement) Income Limits History (Dec. 2022)
[https://www.state.nj.us/treasury/taxation/pdf/ptr/incomehistory.pdf Accessed 02/14/2023]
View Archived Source

New Jersey Department of the Treasury, 2021 Senior Freeze Property Tax Reimbursement Income Report
[https://www.state.nj.us/treasury/taxation/pdf/ptr/21-ptri.pdf Accessed 12/23/2023]
View Archived Source

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