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Division of Taxation

Affordable New Jersey Communities for Homeowners and Renters (ANCHOR)

ANCHOR replaces the Homestead Benefit program.

This program provides property tax relief to New Jersey residents who owned or rented their principal residence (main home) on October 1, 2019, and met the income limits.

Homeowners

You are considered a homeowner if, on October 1, 2019, you:

  • Owned a house,
  • Owned a condominium and paid property taxes on your unit;
  • Were a resident shareholder of a cooperative housing complex;
  • Were a resident of a continuing care retirement community and your continuing care contract requires you to pay the proportionate share of property taxes attributable to your unit.
You do not qualify if your residence was completely exempt from paying property taxes or you made P.I.L.O.T. (Payments-in-Lieu-of-Tax) payments.

General FAQs about ANCHOR

Tenants

You are considered a tenant if, on October 1, 2019, you:

  • Rented an apartment, condominium, or house;
  • Rented or owned a mobile home located in a mobile home park.

You do not qualify if you lived in tax-exempt, subsidized, or campus housing.

General FAQs about ANCHOR

 


Applicable Laws and Rules
P.L.1990, c.61 (c.54:4-8.59), P.L. 2004, c.40, P.L. 2007, c.62


Last Updated: Friday, 09/23/22