The ANCHOR program is a property tax relief program for New Jersey residents who own or rent property in New Jersey as their principal residence and meet certain income limits. The program provides benefits to eligible homeowners and renters based on their residency, income, and age for the 2020 tax year. Here are some details about the program:
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Positive: The program provides property tax relief to eligible New Jersey residents who meet the requirements based on 2020 residency, income, and age. The program has been extended to the 2020 tax year. Eligible homeowners and renters who received an ANCHOR benefit during the programs first year will receive the next one automatically. Seniors will receive an additional $250 on top of their benefit.
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Negative: The program has certain income limits, and not everyone may be eligible for the benefit. The deadline to file an updated application online is September 30th.
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Ingredients or materials: There is no information available about the ingredients or materials used in the ANCHOR program as it is a property tax relief program and not a product that requires ingredients or materials.
Overall, the ANCHOR program is a positive initiative that provides property tax relief to eligible New Jersey residents who meet the requirements based on 2020 residency, income, and age.
