OCEAN TOWNSHIP - Between rising property taxes and increasing living expenses, it can be difficult to afford to live in New Jersey. Fortunately, the Homestead Benefit Program can provide real property tax relief for eligible Garden State homeowners, lowering costs and relieving the pressure that state and local taxes put on household budgets.
“The Household Benefit, like the Senior Freeze program, is a great way to make your property taxes more affordable,” said Assemblywoman Joann Downey (D-Freehold), whose legislative office works to help local Monmouth County residents learn about and apply for the program. “As applications for this program become available this month, we want to make sure that every eligible homeowner knows how to apply and how the Household Benefit can save them money.”
The Homestead Benefit program provides property tax relief to eligible homeowners. For most homeowners, the benefit is distributed to your municipality in the form of a credit, which reduces your property taxes.
This year, Monmouth County homeowners can expect to receive mailed information about the 2017 Homestead Benefit on September 26 or shortly afterward. If you've asked to receive this information electronically, you should instead receive an email about the Homestead Benefit on or about the same date.
“If you haven’t received a Homestead Benefit mailer by October 3rd, or if you have any questions about the program, you can call the Homestead Benefit helpline at 1-888-238-1233,” said Assemblyman Eric Houghtaling (D-Neptune). “You can also find more information about this program at www.NJTaxation.org.”
The deadline for filing a Homestead application is Monday, December 2, 2019. In most cases, applicants must file your application online at www.njtaxation.org, or by phone through the automated telephone filing system at 1 (877) 658-2972. Both applications are available 24 hours a day and seven days a week during the filing period.
To be eligible, homeowners must have: owned and occupied a home in New Jersey that was their principal residence on October 1, 2017; occupied a home that was subject to local property taxes; paid their 2017 property taxes in full; and designated a permanent legal residence in New Jersey. Applicants who were 65 years of age or older, or disabled, in 2017 must have had a gross annual income less than or equal to $150,000 in 2017. All other applicants must have had a gross annual income less than or equal to $75,000 that year.
The income limits apply to a single individual, a married/civil union couple living in the same residence, and a married/civil union partner maintaining a residence separate from their spouse/civil union partner.
Once an applicant has been approved for the Homestead Benefit, they can expect to receive a property tax bill or other notice (advice copy) from their tax collector reflecting the amount of the benefit.
If a homeowner indicates while filing that they no longer own the property, or if their principal residence in 2017 was a unit in a co-op or continuing care retirement community, they will instead receive their benefit by check or direct deposit.
“If you have any questions about this or any other property tax relief program, please feel free to contact our office at (732) 695-3371,” said Houghtaling. “We are always happy to help.”