TRENTON, NJ — Residents were expected to receive their 2015 Homestead Benefit Application in the mail this week. And yes, 2015 is correct.
The program is open to New Jersey residents who have lived in and owned their home since October 1, 2015 and have paid their property taxes for that year. In addition, residents age 65 and older or disabled must have a gross income for 2015 of not more than $150,000 to the eligible. Those under age 65 and not disabled must have an income that does not exceed $75,000. The income limits apply to an individual or a married couple who live in the same household.
“The Homestead Benefit program offers valuable property tax relief for eligible homeowners,” said Assemblyman Edward H. “Ned” Thomson, (R-Monmouth), who represents the 30th Legislative District, which includes Belmar and Lake Como. “Many homeowners are struggling with their property tax bills and this benefit can help ease that burden.”
According to the N.J. Division of Taxation, nearly all homeowners must file their application by phone or online using the directions provided in the mailed packet. In addition, they can apply online at www.njtaxation.org or by phone at 877-658-2972. The deadline for submission is November 30.
The Homestead Benefit is different from the Senior Freeze, which is a separate program with different requirements and schedules.
And don't expect to get a Homestead Benefit rebate in check form. Based on a change made by Gov. Chris Christie in 2010, it comes in the form of a direct credit on property tax bills.
Thomson urged residents to contact the division or his office if they have questions or did not receive their application.
For questions, residents can visit www.state.nj.us/treasury/taxation/homestead/geninf.shtml or call (888) 238-1233. Thomson’s office can be reached at 732-974-0400 or via e-mail at AsmThomson@njleg.org.