When is the new N.J. ANCHOR property tax benefit coming? What we know so far.

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Karin Price Mueller | NJ Advance Media for NJ.comThe more than $2 billion in funding would pay up to $1,500 for eligible homeowners and $450 to renters, with an extra $250 for seniors.

The state Treasury Department has already been at work on how to deliver the benefit, which was paid to more than 1.85 million residents for the 2020 tax year, totaling nearly $2.2 billion.Last year, in mid-August, homeowners and renters for whom the Division of Taxation already had eligibility information received letters saying they wouldThe process should work similarly for the next benefit.

 

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