Relief in Sight: How the ANCHOR Program is Helping New Jersey Families
Governor Murphy’s Game-Changer: How the ANCHOR Program is Rolling Back Property Taxes
According to TheSuns, New Jersey residents are breathing a sigh of relief as the state’s notoriously high property taxes are set to be eased through the ANCHOR program. The program, now in its third year, has already made a significant impact on the lives of many families, providing rebates to both homeowners and renters. For those who qualify, the rebates can be a game-changer, putting much-needed money back into their pockets.
Governor Phil Murphy has championed the program, calling it a “game changer” and highlighting its effectiveness in rolling back property tax levels by a decade or more. The program has been designed to ease the financial burden on families, providing rebates of up to $1,750 to homeowners with annual incomes under $250,000 and up to $700 for renters earning less than $150,000. With automatic re-enrollment for those who participated in the program last year, many residents can expect to receive their rebates without having to lift a finger.
New Jersey’s Property Tax Relief: How the ANCHOR Program is Making a Difference (PHOTO: GOOGLE)
Get Ready for Your ANCHOR Rebate: Mailing List to be Released
Starting next week, the New Jersey Division of Taxation will send letters to 1.5 million residents to confirm their eligibility for the latest ANCHOR program. The good news is that payments will be issued on a rolling basis starting in November, with rebates ranging from $450 to $1,750 depending on income and other eligibility criteria. Don’t miss out – if you haven’t applied yet, be sure to file your application by November 30 to receive your rebate.
