Summary
New Jersey residents who applied for property tax relief under the ANCHOR program will soon receive payments from the state government. The program provides eligible homeowners and renters with direct payments, with most recipients expecting to get their money within 90 days after applying.
Key Facts
- The ANCHOR program offers payments to New Jersey homeowners and certain renters.
- Homeowners can receive up to $1,750 if they meet income requirements.
- Renters with incomes below $150,000 can get a payment of $450.
- Seniors who qualify can receive an additional $250 on top of these amounts.
- The application deadline was October 31, and the rollout started on September 15.
- Payments can be sent via direct deposit or check.
- The program aims to help with New Jersey's high property taxes and the overall cost of living.
