2005 FAIR Homeowner Rebate Information
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Eligibility

How to File

Rebate Amount

 

Eligibility
You are eligible for a 2005 New Jersey FAIR homeowner rebate if your domicile (or permanent legal residence) is in New Jersey and you meet the following conditions:

• Own and occupy a home in New Jersey that was your principal residence on October 1, 2005;
• Have gross income for 2005 of $200,000 or less;
  

  (Do not include income that is not subject to New Jersey gross income tax such as Social Security, Railroad Retirement benefits, or unemployment compensation. View list of other nontaxable income.)
• The home must be subject to local property taxes, and 2005 property taxes must have been paid.

New Jersey residents are not eligible for FAIR homeowner rebates if no property taxes are paid on their dwellings. This includes:

• Homeowners completely exempt from paying property taxes on their principal residence. This can include certain disabled veterans and their unmarried surviving spouses who may claim a 100% exemption from local property taxes under certain conditions.
• Homeowners who made P.I.L.O.T. (Payments-in-Lieu-of-Tax) payments to their municipality. These payments are not considered property taxes for purposes of the FAIR rebate.

 

How to File
Homeowners had until the extended due date of October 31, 2006, to file their 2005 FAIR homeowner rebate applications.

NOTE:  Homeowners do NOT file their FAIR rebate applications with the New Jersey income tax return. Only tenants use Form TR-1040 in the resident income tax return packet and only tenants file their FAIR rebate applications electronically at the same time they file their New Jersey tax return.

 

Rebate Amount
The Division of Taxation calculates the amount of the rebate based on the information provided in the application. The rebate amount is determined by income, filing status, and whether the applicant was age 65 or older or eligible to claim an exemption as blind or disabled for tax year 2005.

Send an e-mail about your FAIR Rebate