StayNJ is a recently finalized program aimed at assisting homeowners and renters 65 years of age and older in New Jersey. The fine details on filings & procedures are currently being ironed out.
- The program outlines a 50% property tax cut for seniors making $500,000 or less, with a maximum tax cut of $6,500 and a $700 rebate to senior renters.
- The program will not take effect until the beginning of 2026 and will replace the anchor program as well as the property tax relief program.
Click the link below for more details.
https://www.nytimes.com/2023/06/21/nyregion/property-tax-cut-new-jersey.html