Official Site of The State of New Jersey

You are eligible if you met these requirements:

• You were a New Jersey resident; and
• You owned and occupied a home in New Jersey that was your principal residence (main home) on October 1, 2024; and
• 2024 property taxes were paid on that home; and
• Your 2024 New Jersey gross income was not more than $250,000.

You are eligible for an ANCHOR benefit based on 2024 residency, income, and age, if you met these requirements:

• You were a New Jersey resident; and
• Your income on line 29 of your 2024 NJ-1040 was not more than $150,000; and
• Your name was on the lease or rental agreement; and
• You paid rent; and
• You rented and occupied a residence in New Jersey that was your principal residence (main home) on October 1, 2024; and
• The rental property was subject to local property taxes, (see Qualified and Non-Qualified Rental Properties).