The ANCHOR program is a property tax relief program in New Jersey that provides benefits to eligible homeowners and renters who own or rent property in New Jersey as their principal residence and meet certain income limits. Here are some details about the program:
Positive aspects:
- The program provides property tax relief to eligible New Jersey residents.
- Eligible residents can receive an additional $250 if they were 65 or older as of December 31, 2020.
- ANCHOR benefit payments are not reportable as New Jersey income.
Negative aspects:
- Some residents have reported difficulty reaching the ANCHOR hotline due to high call volume.
Ingredients or materials:
- There are no ingredients or materials associated with the ANCHOR program.
It is important to note that eligibility for the ANCHOR program is based on 2020 residency, income, and age. If you meet the eligibility requirements, you should receive a green filing packet in the mail with filing instructions. If you did not receive a packet, you may still apply for the program if you meet the qualifications for the current benefit. Payments are issued using the information on file, and if you did not make any changes to your application by September 30, 2023, no further changes can be made at this time.
