Enacted by Governor Murphy and the Legislature in June 2022, the new ANCHOR property tax relief program – which stands for Affordable NJ Communities for Homeowners & Renters – is going to be a game changer for countless residents.

Replacing the Homestead Benefit, ANCHOR will provide property tax relief for double the amount of homeowners while renters will also benefit for the first time in years. Nearly 1.2 million homeowners will receive a benefit of up to $1,500 and over 900,000 renters will receive a benefit of $450.

Are you eligible for property tax relief? If you:

• Owned or rented your home on 10/1/19
• Meet income requirements
• File or are exempt from NJ income taxes

you may qualify for an  ANCHOR benefit.

Event Type	Advocacy
Age Groups	Adults
Community Services	Basic Needs / Assistance Financial Assistance / Referrals Financial Counseling / Literacy Homeless Prevention Housing / Shelter Family & Support Services Family Support

Last Updated: 01/18/23