Homeowners in New Jersey who want to apply for a state program that will provide them with up to $1,500 in grants have only two weeks left to do so.
Until the application deadline on February 28th, homeowners and renters in the state can apply to the Affordable New Jersey Communities for Homeowners and Renters program.
Budget Reinstatement Payments in the State of New Jersey
The New Jersey Division of Taxation has announced that payments will start in the late spring. Direct deposit or a paper check are also options for beneficiaries receiving benefits.
According to a statement released by New Jersey Governor Phil Murphy, nearly 2 million homeowners, pensioners, and renter households in the state will get this money immediately. Over half of our total population can be found in this category (D).
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Property tax hikes that have accrued over the course of several years, and perhaps even a decade, will be effectively nullified by the direct relief provided by ANCHOR.
Around a million people will feel less of a pinch from rent increases thanks to the ANCHOR tenant support program.
Help for Homeowners Program
Homeowners with annual incomes of less than $150,000 will receive an additional $1,500 from this program, while those with annual incomes of $151,001 to $250,000 will receive an additional $1,000.
To enroll in this program, they must first receive an ANCHOR ID and PIN, which they may do by either applying on the internet or by calling the toll-free number 877-658-2972.
Although renters won’t make as much as homeowners, they can still apply and get a refund of $450 as long as their annual income is less than $150,000.
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Tenants are encouraged by the Division of Taxation to apply for the program online rather than over the phone because they will not receive a program ID or PIN if they apply over the phone.
This program also accepts applications that are printed from the website and mailed in with the candidate’s other required paperwork.
Those who are a renter or homeowners in the state who apply for this program will receive their money by the end of May. Payments will be issued in a random order that has nothing to do with the order in which they were received.