Affordable New Jersey Communities for Homeowners and Renters (ANCHOR)
ANCHOR Program: Allow until the first week in October 2022 to receive your mailer. You can also apply by phone at 1-877-658-2972. ANCHOR payments will be paid in the form of a direct deposit or check, not as credits to property tax bills.
ANCHOR replaces the Homestead Benefit program.
This program provides property tax relief to New Jersey residents who owned or rented their principal residence (main home) on October 1, 2019, and met the income limits.
ANCHOR eligibility is as follows:
- Homeowners with incomes of $150,000 or less will receive $1,500.
- Homeowners with incomes more than $150,000 and up to $250,000 will receive $1,000.
- Renters with incomes of $150,000 or less will receive $450.
The deadline for filing your ANCHOR benefit application is December 30, 2022.
For more information on the ANCHOR program, please visit https://www.state.nj.us/treasury/taxation/anchor/index.shtml