New Jersey homeowners and renters have just weeks left to apply for state-funded property-tax relief programs that could bring households as much as $1,750 in savings this year.
The Department of the Treasury confirmed that applications for the Anchor, Senior Freeze, and new Stay NJ programs must be filed by Oct. 31 to qualify for benefits distributed during this fiscal year. Together, those initiatives will provide more than $4 billion in relief to eligible residents across the state.
Officials are urging seniors in particular to submit the new PAS-1 form, even if they’ve previously received benefits automatically. The updated application consolidates what were once separate forms for the Anchor and Senior Freeze programs, allowing seniors to apply for all three property-tax relief options at once.
According to Treasury officials, filling out the PAS-1 this year makes sure of the continuity for those already receiving benefits. Seniors who skip the form risk missing out on payments.
The Anchor program, now in its second full year, remains New Jersey’s largest property-tax relief effort. Homeowners earning up to $250,000 and tenants earning up to $150,000 are eligible. Renters can receive up to $450, while senior homeowners may qualify for as much as $1,750.
Many residents were automatically re-enrolled and received confirmation letters in August. However, newly eligible applicants or those who haven’t received payment can track their benefit status through an online tool provided by the Division of Taxation. Treasury began issuing Anchor payments and direct deposits in September.
The Senior Freeze program, which reimburses qualifying seniors for property-tax increases, will distribute an estimated $239 million in benefits this year. Average payments are projected to reach about $1,348 for repeat recipients and $211 for newly eligible ones.
Meanwhile, the Stay NJ program — a long-term property-tax credit designed specifically for senior homeowners — is slated to launch in early 2026. It aims to provide an additional $600 million in statewide relief, with income limits capped at $500,000.
Residents needing help with the application process can call the Division of Taxation at 609-826-4282 or visit one of five regional centers for in-person support. Treasury staff are also hosting outreach events around the state to guide seniors and renters through the process before the Oct. 31 cutoff.
For most applicants, benefits will arrive within 90 days of filing—though Treasury officials note that incomplete forms or missing documentation could cause delays.
With property taxes remaining among the highest in the nation, state officials are reminding residents that these programs represent one of the largest direct financial aid efforts New Jersey has ever undertaken.
The New Jersey Digest is a new jersey magazine that has chronicled daily life in the Garden State for over 10 years.