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TRENTON - The New Jersey Department of Treasury announced today that the first round of ANCHOR Property Tax Relief payments for tax year 2020 will be deposited tomorrow for more than 700,000 New Jerseyans who elected to receive their payment via direct deposit.
According to the State, for those who elected to receive a paper check, benefits will begin to be mailed out starting next week. Nearly every ANCHOR applicant who has applied to date should receive their benefit by November 1st and payments will continue to be made on a rolling basis as eligible residents apply.
Last filing season more than 1.7 million renters and homeowners applied for and received a payment ranging from $450 to $1,500 under the program covering the 2019 tax year. This season, the number of applicants is expected to grow and the payment for seniors has been increased by $250 and will now range from $700 to $1,750 while those under 65 will receive between $450 and $1,500.
To check the status of your ANCHOR benefit payment, please go to the Division of Taxation website and use the online status inquiry tool. The Division asks that applicants please use the online tool first before calling the hotline.
There is still time to file for your ANCHOR tax rebate. If you have not filed and you did not receive a benefit confirmation letter, you can still file an application online, or by using a paper application, which can be found here.
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