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 (TRENTON)
- State Treasurer John E. McCormac today reminded New Jersey homeowners
that they have until next week to file their 2002 NJ SAVER rebate applications.
The filing deadline is July 15, 2003.
The
Treasurer noted that of the 1.8 million applications mailed out during
May, approximately 80 percent have been completed and filed with the
Division of Taxation. New Jersey residents who owned a home as their
principal residence on October 1, 2002, and paid property taxes on that
home are eligible for the 2002 NJ SAVER rebate.
As
part of compromise reached with the Legislature on the FY 2004 budget,
NJ SAVER rebates averaging $250 will be sent to approximately 1.2 million
New Jersey households. Individual or married filers with an income under
$200,000 are eligible for NJ SAVER checks. The NJ SAVER program is part
of $12.3 billion in property tax relief included in the new budget.
All property tax relief programs were preserved and school and municipal
aid was increased as the Legislature and the McGreevey Administration
worked to close a $5 billion shortfall in the FY 2004 budget.
NJ
SAVER rebate checks are scheduled to be mailed to all eligible applicants
on or before September 15, 2003. Homeowners who are eligible for both
the homestead rebate and the NJ SAVER rebate will receive whichever
provides the greater benefit in their individual case. Qualified homeowners
who filed a homestead rebate application with their income tax return
earlier this year should be sure to file their NJ SAVER rebate application
as well. "A homeowner who files applications for both programs
can be sure that they will receive the maximum property tax relief benefit
for which they are eligible," said McCormac.
Homeowners
who haven't filed yet can do so by calling 1-877-658-2972. They can
also file online 24 hours a day, 7 days a week, at www.njsaverrebate.com. For more information on the NJ SAVER Rebate Program, homeowners may
call the NJ SAVER Rebate Hotline at 609-826-4282, Monday through Friday,
8:30 a.m. to 4:30 p.m. Information regarding the Program is also available
on the website listed above.
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