Good news for New Jersey residents: property tax relief is arriving through the 2025 ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) program. As property taxes continue to climb across the state, the ANCHOR program offers direct payments to eligible homeowners and renters.
Here’s a simple breakdown of what the ANCHOR program is, who qualifies, how much you can expect, and the key deadlines to keep in mind.
What Is the ANCHOR Program?
The ANCHOR program is a New Jersey state initiative that provides property tax relief to both homeowners and renters who meet specific income and residency requirements.
For 2025, payments are based on:
- Your residency, income, and age as of October 1, 2024.
- Whether you were a homeowner or renter living in your primary residence in New Jersey.
The goal is to support residents, especially seniors and low-to-moderate income families, as housing costs rise.
When Will ANCHOR Payments Be Sent?
Payments begin from Monday, September 15, 2025, and will continue on a rolling basis. That means you may receive your payment a few days or weeks after others — depending on when you apply and how you file.
- Online filers can choose direct deposit.
- Paper filers will receive paper checks.
- Most payments are expected to be issued within 90 days of applying.
How Much Money Can You Receive?
The maximum benefit depends on whether you’re a homeowner or a renter, and your age as of 2024. Also, your benefit cannot exceed the actual property taxes or rent paid on your main residence.
Maximum Benefit Amounts:
| Group | Max Benefit |
|---|---|
| Senior Homeowners (65+) | $1,750 |
| Homeowners under 65 | $1,650 |
| Senior Renters (65+) | $700 |
| Renters under 65 | $450 |
Who Is Eligible for the ANCHOR Program?
Homeowners must meet all of the following:
- Owned and lived in a New Jersey home that was your primary residence on October 1, 2024.
- Your gross income in 2024 was $250,000 or less.
- Your property was subject to local property taxes.
Renters must meet all of the following:
- Rented and lived in a New Jersey residence that was your primary residence on October 1, 2024.
- Your gross income in 2024 was $150,000 or less.
- Your name was on the lease or rental agreement.
- The rental unit was subject to property taxes.
If you meet the above, you are encouraged to apply, even if you’re unsure about the final benefit amount.
Key Deadlines to Remember
- October 31, 2025: Final deadline to apply for the ANCHOR benefit.
- September 15, 2025:
- Deadline to submit a paper application and receive a paper check.
- Last day to update your bank account for direct deposit (for those who already received eligibility confirmation letters).
Tip: Apply early to avoid payment delays and to ensure your bank details are correct.
How to Apply for ANCHOR Property Tax Relief
To Apply:
- Go to the official New Jersey Division of Taxation website.
- Select the ANCHOR Property Tax Relief program.
- Choose to file online or download a paper application.
- Provide required details such as your income, residency, and property info.
If you received a letter with a PIN or ID, keep it handy — it will speed up your application process.
FAQs
What is the ANCHOR program in New Jersey?
The ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) program provides direct property tax relief payments to eligible New Jersey homeowners and renters based on their income and residency status.
When do ANCHOR payments start in 2025?
ANCHOR payments begin on Monday, September 15, 2025, and will be sent on a rolling basis. Most applicants will receive their payments within 90 days of applying.
How much can I get from the ANCHOR program?
You could receive up to $1,750 if you’re a senior homeowner, $1,650 for homeowners under 65, $700 for senior renters, or $450 for renters under 65.
Who qualifies for the 2025 ANCHOR tax relief?
New Jersey residents who owned or rented their primary home on October 1, 2024, and earned under $250,000 (homeowners) or $150,000 (renters) in gross income during 2024.
What are the key deadlines for the ANCHOR application?
The final deadline to apply is October 31, 2025. If you want to receive a paper check or update direct deposit info, you must do so by September 15, 2025.
