Introducing the New Stay NJ Program
New Jersey has launched the Stay NJ program to offer financial relief to senior homeowners aged 65 and older. For the 2024 tax year, eligible seniors can receive a reimbursement of up to 50% of their property tax bill, with a maximum benefit of $6,500.
To be eligible for the Stay NJ program, you must be 65 or older by December 31, 2024, have owned and lived in your home as your primary residence for the entire 2024 year, and have a 2024 income under $500,000. Mobile homeowners are not eligible but may qualify for other state programs.
The New Combined Application (PAS-1)
To simplify applying for property tax relief, the New Jersey Division of Taxation has created a single application form, PAS-1, for eligible seniors and those receiving Social Security disability benefits. This form allows applicants to apply for the Stay NJ, ANCHOR, and Senior Freeze programs simultaneously. Previously, applying for multiple programs required separate forms. The state will use the PAS-1 to determine the best combination of benefits for each applicant.
How to File the New Combined Application
- Receive the Mailing: Eligible individuals should receive the PAS-1 booklet by mail starting in March 2025.
- Choose Your Method: You can file online through the state's official website or mail the completed paper form.
- Gather Your Information: You will need details from your 2024 property tax bill and your 2024 gross income.
- Submit by the Deadline: The filing deadline for the 2024 tax year application is October 31, 2025.
Interplay with Other Senior Tax Relief Programs
The Stay NJ program is designed to complement existing property tax relief. The Stay NJ benefit is calculated after the ANCHOR and Senior Freeze amounts are determined, ensuring eligible seniors receive the maximum possible relief.
The ANCHOR Program
The ANCHOR program provides property tax relief to eligible homeowners and renters based on income and residency on October 1 of the tax year. Seniors aged 65 or older receive an additional $250 benefit. For 2024, the income limits are $250,000 for homeowners and $150,000 for renters.
The Senior Freeze (Property Tax Reimbursement)
This program reimburses eligible seniors and disabled residents for increases in property taxes on their primary home, provided they meet income and residency requirements for both a base year and the application year. The income limit for the Senior Freeze was increased to $163,050 for the 2023 tax year, with a residency requirement of three years.
Senior Property Tax Relief Programs Comparison
| Program | Age/Eligibility | Income Limit | Key Benefit | Tax Year | Residency Requirement |
|---|---|---|---|---|---|
| Stay NJ | 65+ (as of Dec 31, 2024) | < $500,000 (2024 income) | 50% reimbursement (up to $6,500) | 2024 | 12 months residency (2024) |
| ANCHOR | 65+ eligible for extra $250 | < $250,000 (homeowner), < $150,000 (renter) | Rebate based on income | 2024 | Resident as of Oct 1, 2024 |
| Senior Freeze | 65+ or disabled | $168,268 (2024 income) | Reimburses tax increases | Varies | 3+ years residency |
Important Dates and Payment Information
The application deadline for 2024 tax year relief is October 31, 2025. Payment timelines vary by program:
- Senior Freeze: Payments begin on a rolling basis starting in July 2025.
- ANCHOR: Payments start in September 2025, continuing on a rolling basis.
- Stay NJ: Payments are scheduled to be made quarterly, starting in February 2026.
All payments are sent directly to the taxpayer and should not be used as a substitute for paying your property tax bills in full as they are due.
Conclusion: Navigating Your Senior Property Tax Relief
With the introduction of Stay NJ and the consolidated PAS-1 application, New Jersey has made significant strides in simplifying and enhancing property tax relief for its senior residents. Understanding the eligibility criteria, application process, and deadlines for Stay NJ, ANCHOR, and Senior Freeze is key to accessing these valuable benefits.
Ensure you gather the necessary income and property tax documents and submit your PAS-1 application by the October 31, 2025 deadline. For the most current information, consult the NJ Division of Taxation website.
