Official Site of The State of New Jersey

How to Claim Your Property Tax Credit for 2022 and 2023

New Jersey residents who do not typically file Gross Income Tax returns may need to take action in order to receive their $50 property tax credit for 2022 and 2023 due to recent changes to the ANCHOR and Stay NJ property tax relief programs.

Previously, eligible seniors and disabled residents would receive a $50 Property Tax Credit automatically—either through their NJ-1040 tax return or in addition to their ANCHOR benefit payment if they did not file a return. However, due to program changes, ANCHOR will now skip the 2022 and 2023 benefit years and move directly to 2024. This means that those who do not file tax returns will not automatically receive the credit for 2022 and 2023.

To claim these available credits, eligible taxpayers must file Form NJ-1040-HW for both 2022  and 2023 . These forms must be submitted within the statute of limitations for income tax in order to ensure they receive the benefit.