The ANCHOR program is a tax benefit program for New Jersey homeowners and renters who meet the eligibility requirements based on 2020 residency, income, and age. The program replaced the Homestead Benefit and provides property tax relief to eligible residents. Here are some details about the ANCHOR program application:
Positive:
- Eligible residents who received an ANCHOR property tax benefit during the programs first year will receive the next one automatically.
- If you received the ANCHOR Benefit Confirmation Letter notifying you that you qualify and all the information contained in the letter is correct, you do not have to file an application for the current benefit. The application will be filed on your behalf based on your previously filed application.
Negative:
- If you need to change any information, you have until September 30, 2023, to file an application on your own. After that date, the Division of Taxation will not make adjustments to your name, address, or banking information.
- If you did not receive an ANCHOR Benefit Confirmation Letter notifying you that you qualify, you should receive a green filing packet in the mail by September 1, 2023, with filing instructions. However, if you do not receive the packet, you should contact the Division of Taxation.
Ingredients or materials:
- The ANCHOR program application form is available in PDF format on the NJ.gov website.
- The application form requires personal information such as your name, address, and Identification Number and PIN.
In summary, the ANCHOR program is a tax benefit program for eligible New Jersey homeowners and renters. The application process is straightforward, and eligible residents who received the ANCHOR property tax benefit during the programs first year will receive the next one automatically. However, residents who need to change any information must file an application on their own before September 30, 2023, and the Division of Taxation will not make adjustments to their information after that date.
