Office of the State Treasurer

NEWS RELEASE

FOR IMMEDIATE RELEASE
October 3, 2005
 CONTACTS:  

Kelley Heck
(609) 777-2600

SECOND WAVE OF FAIR REBATE CHECKS TO BE MAILED

 TRENTON - Acting Governor Richard J. Codey and Treasurer John E. McCormac announced that the Division of Taxation will mail approximately 1.1 million FAIR rebate checks for 2004 to New Jersey homeowners today.

“We worked hard, in a difficult budget year, to provide FAIR rebate checks to help New Jersey’s middle-income families,” said Codey. “These checks will provide welcome relief from the property tax burden to more than one million households.”

The first wave of FAIR rebate checks for eligible senior and disabled homeowners, as well as all eligible tenants, was mailed in early August. With this mailing, approximately 2.26 million households will have received FAIR rebate checks this year, representing more than $1 billion in FY 2006 State Budget spending for direct property tax relief under the FAIR (Fair and Immediate Release) Act.

Eligible non-senior, non-disabled homeowners who filed their applications by August 15 can expect to receive their 2004 FAIR rebate checks this week. Those who requested direct deposit will have their rebates deposited directly into their bank accounts. Applicants with incomes of $125,000 or less will receive rebates of $350 while those with incomes between $125,000 and $200,000 will receive rebates of $300. Rebates for applications filed between August 16 and the extended filing deadline of October 17, 2005, will be issued as quickly as possible, but may not be included in this distribution.

Applicants must meet the following conditions to be eligible for a 2004 FAIR rebate:

Homeowners:

  • Own and occupy a home in New Jersey that was their principal residence on October 1, 2004;
  • Have a gross income of $200,000 or less for 2004;
  • The home must be subject to local property taxes, and 2004 property taxes must have been paid.
Tenants:
  • Rent and occupy a dwelling in New Jersey that was their principal residence on October 1, 2004;
  • Have a gross income of $100,000 or less for 2004;
  • The principal residence must be subject to local property taxes, and 2004 property taxes must have been paid through rent;
  • The principal residence must be a full living unit with its own separate kitchen and bathroom.

Homeowners and tenants who still have not applied for the FAIR rebate have until October 17, 2005, to file their applications. Homeowners may file by phone (1-877-658-2972) or online at www.state.nj.us/treasury/taxation 24 hours a day, 7 days a week. Tenants can complete and file a paper FAIR Rebate Application, Form TR-1040, or they can use NJ WebFile, the Division of Taxation’s free Internet filing system available at www.njwebfile.com

Applicants who have already filed can check the status of their FAIR rebate by calling 1-877-658-2972, or online at www.state.nj.us/treasury/taxation/fair/rebateinfo.htm

Information about the FAIR Rebate Program and other New Jersey property tax relief programs is available on the Division of Taxation’s website at www.state.nj.us/treasury/taxation/relief.htm or by calling 1-888-238-1233.

 

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