The 2020 ANCHOR (Aging, New Jersey, Community, Health, Options, and Resources) benefit in New Jersey provided property tax relief for eligible homeowners and rent relief for eligible renters. The program was separate from the Senior Freeze program and was available to residents who met specific requirements.
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Homeowners: To be eligible for the ANCHOR benefit as a homeowner, you and your spouse or civil union partner must have maintained the same main home and required separate ANCHOR benefit payments. The amount of the benefit for homeowners was not specified in the search results.
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Renters: Eligible renters had to share a residential property, pay rent, have a lease, and have access to the kitchen and bathroom. For renters with a 2019 gross income (NJ-1040 Line 29) of $150,000 or less, the amount of the benefit was $450.
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Payment: ANCHOR benefits were paid in the form of a direct deposit or check, not as credits to property tax bills. In 2023, the program was still issuing benefits and distributing payments through the month of May. A news article from August 2023 mentioned that eligible taxpayers would receive payments worth $250 more than the previous year, thanks to a funding boost approved in the state budget.
