The State’s initiative aids eligible seniors and disabled persons with property tax relief; significant program alterations take effect in the coming year.
The deadline for the 2022 Senior Freeze Property Tax Reimbursement program in New Jersey is fast approaching, with October 31, 2023, marked as the final day for homeowners to file applications. Moreover, significant changes to the program are slated to take effect in 2024, expanding the income limit and simplifying residency requirements.
- Who: New Jersey residents aged 65 as of December 31, 2021, or those under 65 receiving Social Security disability payments on that date.
- What: Reimbursement for property tax increases, calculated as the difference between the taxes paid for the “base year” and the current year, provided the current year’s amount is greater.
- When: The deadline for applications for the current reimbursement year, 2022, is October 31, 2023.
- Where: State of New Jersey
- Why: To provide financial relief to eligible seniors and disabled persons.
- How: Apply by calling the Hotline at 1-800-882-6597 or visit the State's webpage.
Important Changes in 2024 (P.L. 2023, c.75):
- Income Limit Increase: The income limit for the program will be raised to $150,000.
- Residency Requirement Elimination: The 10 consecutive years of New Jersey residency requirement will be removed.
- Unchanged Requirements: Age/disability and three-year homeownership prerequisites remain unchanged.
These alterations, signed into law on June 30, 2023, aim to make the Senior Freeze program more accessible to a broader segment of the community. They reflect the State’s continued commitment to supporting its senior and disabled residents through well-structured tax relief initiatives.
Residents interested in taking advantage of the Senior Freeze Property Tax Reimbursement Program for the current year, or those wanting to understand how the 2024 changes might impact them, are encouraged to visit the program's webpage at www.state.nj.us/treasury/taxation/ptr/.
Local authorities are urging eligible residents of Morristown, Morris County, and across New Jersey to be informed and take timely action to benefit from this valuable program, contributing to financial stability in their retirement and disability periods.
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