2007 Homestead Homeowner Credit/Rebate Information

2007 Homestead Rebate Information for Homeowners
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Homeowners: File Your 2007 Homestead Rebate Application

Deadline for filing homestead rebate applications is August 15, 2008.

Applications
Beginning July 3, those homeowners who were not mailed applications in May will begin to receive their application packets. This second wave of applications will be sent out over a two-week period (view Mailing Schedule). The filing deadline is August 15, 2008. If you have not received your application by July 23, call the Homestead Rebate Hotline at 1-888-238-1233 for assistance. Please note that applications are not being sent to homeowners who were identified by the Division of Taxation as having New Jersey gross income for 2007 that exceeded the income limit of $150,000, as they are not eligible for 2007 (see below).

Homestead rebate applications were mailed in May to homeowners who were 65 years of age or older or disabled on the last day of the 2007 tax year. The original filing deadline of June 2 was extended to August 15, 2008.

View Information on:

Eligibility

How to File

Rebate Amount

Eligibility
You are eligible for a 2007 New Jersey homestead credit or 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, 2007;
Have gross income for 2007 of $150,000 or less. (This does 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 2007 property taxes must have been paid. However, the State Budget mandates that the 2007 rebate will be calculated using 2006 property taxes. See Rebate Amounts by Income Limits for Homeowners.

New Jersey residents are not eligible for a homestead credit or rebate 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/surviving civil union partners/surviving domestic partners 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 homestead credit/rebate.

How to File
Homeowners have until August 15, 2008, to file their applications by phone (1-877-658-2972) or online. Homeowners who need to file a paper application can request one through either of the automated filing systems after entering their ID and PIN. The automated phone and Internet filing systems are available 24 hours a day, 7 days a week.

Any eligible homeowner who has not received their application packet by July 23 should call the Homestead Rebate Hotline at 1-888-238-1233 for assistance. Please note that applications are not being sent to homeowners who were identified by the Division of Taxation as having New Jersey gross income for 2007 that exceeded the income limit of $150,000, as they are not eligible for 2007 (see above).

NOTE: Homeowners do NOT file their homestead 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 homestead rebate applications electronically at the same time they file their New Jersey tax returns.

Rebate Amount
The amount of the rebate is based on an applicant’s income, property taxes, and whether the applicant was age 65 or older or eligible to claim an exemption as blind or disabled for tax year 2007. The State Budget mandates that the 2007 rebate will be calculated using 2006 property taxes.

The State Budget limits 2007 rebate amounts for homeowners.

Rebate Amounts by Income Limits for Homeowners
Homestead Rebate Frequently Asked Questions

Send an e-mail about your Homestead Rebate