New Jersey homeowners aged 65 and older have a valuable opportunity to reduce their property tax burden through the state's Stay NJ program.This initiative offers a reimbursement of 50% of property taxes paid, up to $13,000 annually, with a cap of $6,500 for the 2024 tax year.
Eligibility Criteria:
To qualify for the Stay NJ benefit, applicants must:
Be 65 years of age or older as of December 31, 2024.
Have owned and occupied their New Jersey home as their primary residence for the entire 2024 calendar year.
Have a total income of $500,000 or less in 2024.
Note: Mobile homeowners are not eligible for this program.
Simplified Application Process:
For the first time, New Jersey has introduced a single, streamlined application (Form PAS-1) that allows eligible residents to apply for the Stay NJ program, as well as the Senior Freeze and ANCHOR property tax relief programs.This combined application simplifies the process and ensures that applicants are considered for all benefits they may be eligible for.
Application Deadline:
The deadline to submit your application is October 31, 2025.Early application is encouraged, as it facilitates timely processing and benefit distribution.
How to Apply:
Applicants have two options to submit their applications:
Online:Visit propertytaxreliefapp.nj.gov to complete and submit the application electronically.
By Mail:Complete the paper Form PAS-1 and mail it to the address provided in the application instructions.
Benefit Distribution:
Approved applicants can expect to receive their Stay NJ benefits in quarterly payments starting in 2026, scheduled for February, May, August, and November.These payments are contingent upon state budget appropriations for the respective fiscal years.
Additional Information:
For more details on eligibility, application instructions, and to access the application form, please visit the official Stay NJ program page: https://www.nj.gov/treasury/taxation/staynj/index.shtml.
Don't miss this opportunity to significantly reduce your property tax expenses. If you meet the eligibility criteria, take action today and apply before the October 31, 2025 deadline.