Division of Taxation

The deadline for the current year PTE-BAIT elections, filings, and payments has been extended to Friday, March 21, 2025. The original deadline was March 17, 2025.

Deductions, Exemptions, and Abatements

New Jersey offers several property tax deductions, exemptions, and abatements. These programs are managed by your local municipality. Tax deductions, exemption, and deferment programs include:

$250 Property Tax Deduction for Senior Citizens and Disabled Persons;
$250 Veteran Property Tax Deduction;
100% Disabled Veteran Property Tax Exemption; and
Active Military Service Property Tax Deferment.

Property assessment, exemption, and abatement programs include:

Automatic Fire Suppression System Property Tax Exemption;
Environmental Opportunity Zone Property Tax Exemption;
Five Year Exemption and Abatement;
Historic Site Property Tax Exemption;
Non-Profit Organization’s Property Tax Exemption;
Non-Residential Development Fee Certification/Exemption;
Renewable Energy System Property Tax Exemption; and
Urban Enterprise Zone Property Tax Abatement.

Last Updated: Thursday, 01/09/25

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Division of Taxation

Deductions, Exemptions, and Abatements

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