NJ Spotlight News
New round of Anchor property-tax relief coming soon
Clip: 8/14/2024 | 1m 34sVideo has Closed Captions
Benefits aimed at offsetting the state’s high local property taxes
Starting next week an estimated 1.5 million taxpayers will automatically be enrolled for the state's Anchor property-tax relief benefits. The benefits are aimed at offsetting the state’s high local property taxes and now total just over $1,700 per household.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
New round of Anchor property-tax relief coming soon
Clip: 8/14/2024 | 1m 34sVideo has Closed Captions
Starting next week an estimated 1.5 million taxpayers will automatically be enrolled for the state's Anchor property-tax relief benefits. The benefits are aimed at offsetting the state’s high local property taxes and now total just over $1,700 per household.
Problems with Closed Captions? Closed Captioning Feedback
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There are big changes ahead for the next round of anchor property tax relief.
Starting next week, an estimated one and a half million taxpayers will automatically be enrolled for the state benefit program.
Now, keep an eye out.
The Treasury Department says those eligible for auto enrollment will get a letter some time around August 19th.
Everyone else, another 2 million households, will get a packet with an application later in the month.
The benefits are aimed at offsetting the state's high local property taxes and now total just over 1700 dollars a household.
The state is also allowing more time for folks to file an application, moving the deadline to November 30th this year.
Anyone who needs assistance can reach out to the state's call centers through a dedicated anchor hotline.
That information is on our website.
In all, the state spends about 2 billion annually, a little more than that on this anchor program.
And August has really become the key month for the filing, what we call the filing season.
That is for those whose applications are done automatically by the state and also then for those who are receiving information about applying.
So a lot happening there, but definitely worth your time and effort because again, these benefits can be as much as $1,750 if you're a senior who meets the income eligibility.
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