Many New Jersey residents in the US have less than 10 days to apply for financial aid. The assistance comes from New Jersey’s Affordable Communities for Homeowners and Renters (ANCHOR) program, which was revised in 2022.
A state court and Gov. Bill Murphy approved a proposal to lower property tax costs. This initiative will benefit over one million owners with figures of up to $1500.00 USD.
Over 900K guests can enter values above $450.00 USD. Eligible New Jersey residents have until May 28 of this year to apply for financial aid.
If you are an owner, ways to submit a claim may be online, by mail, or by phone at 877-658-2972. Tenants have only the first two options.
Homeowners must have an ID card and code. Those who have not received this information can get it online through the government service system. For this variation, cash flow should be requested in 2022.
Homeowners with income below $150,000.00 USD are entitled to $1,500.00 USD, the tax department said. Entrepreneurs earning between $150,000.00 USD and $250,000.00 USD can only collect $1,000.00 USD. Tenants earning below $150,000.00 USD will receive $450.00 USD.
ANCHOR has been out of date for a few years and is currently administered based on people’s salary in 2019. In the past, the program paid 470 thousand owners and did not contribute to renters.
The deadline for availing the assistance was initially moved to December 30, 2022 and then to January 31, 2023. The new extension was installed at the end of May this year.