Residents of North Bergen, NJ are being urged to apply for the state’s ANCHOR program, which provides property tax relief for homeowners and renters. Mayor Nick Sacco and Commissioner Julio Marenco have emphasized the importance of applying for the program, which has recently had its deadline extended to February 28, 2023.
The ANCHOR program is a replacement for the Homestead Benefit program, and offers a greater amount of property tax relief to eligible individuals. The program is open to both homeowners and renters, and expands the number of people who are eligible to receive benefits. The Division of Taxation will be sending out information about the program to homeowners who had previously requested that their application be sent via email.
To be eligible for the program, homeowners must have been residents of New Jersey on October 1, 2019, and must have owned and occupied a home in the state as their principal residence. They must have also paid property taxes on their home in 2019 and had a gross income of no more than $250,000.
Renters must have also been residents of New Jersey on October 1, 2019, and must have rented and occupied an apartment or residence in the state as their principal residence. They must have lived in a unit with its own separate kitchen and bath facilities, paid rent on their home that was subject to local property taxes and had a gross income of no more than $150,000.
Applicants can choose to receive their benefits as a check or direct deposit, and must file their application by January 31, 2023. Information about the program, including the online application, eligibility requirements, and filing instructions can be found on the state’s website at nj.gov/treasury/taxation/anchor. If you have any trouble completing your application or need assistance, you can call the North Bergen Public Library at 201-869-4715 for help.