New Jersey · Property tax
New Jersey ANCHOR benefit.
Homeowner and renter amounts for the 2025 benefit year.
For the 2025 benefit year, ANCHOR pays New Jersey homeowners $1,500 if 2025 income is $150,000 or less and $1,000 if it is $150,001 to $250,000. Renters with income up to $150,000 get $450, or $700 if they were 65 or older by December 31, 2025. The Division of Taxation lists the filing deadline as November 2, 2026.
Check your numbers
Result
Benefit amounts for 2025
| Group | 2025 income (NJ-1040 line 29) | Benefit |
|---|---|---|
| Homeowner | $150,000 or less | $1,500 |
| Homeowner | $150,001 to $250,000 | $1,000 |
| Homeowner | Over $250,000 | Not eligible |
| Renter, 64 or younger | $150,000 or less | $450 |
| Renter, 65 or older | $150,000 or less | $700 |
| Renter | Over $150,000 | Not eligible |
Who is eligible
The Division describes a program for New Jersey residents who own or rent property in the state as their main home and meet income limits. The benefit is based on residency, income and age from 2025. A homeowner must have owned and occupied a home subject to property taxes as their main home; a renter must have rented and occupied a residence that was subject to local property taxes, been on the lease, and paid rent. The Division lists ineligible properties, including a vacation or second home, property you rent to someone else, and property with more than four units.
The caps and extras
Total property tax relief from ANCHOR, Senior Freeze, Stay NJ and the senior, disabled and veteran property tax deductions cannot exceed property taxes paid on the main home for the year. A homeowner or renter aged 65 or older who does not file a return or did not claim the $50 Property Tax Credit has that credit added to the ANCHOR payment, so the amount can differ from the table by up to $50.
Worked example
A homeowner with 2025 income of $140,000 receives $1,500. If the same homeowner had $155,000, the benefit is $1,000. A 68-year-old renter with $60,000 in income receives $700, plus the $50 credit if it applies; the same renter at 62 receives $450. Enter your own figures above for a check.
Filing and timing
The Division filed applications for most eligible homeowners under 65 who are not collecting Social Security or Railroad Retirement disability benefits, and for most eligible renters, and mailed confirmation letters on August 10, 2026. Seniors and disability benefit recipients who own a home must file the combined PAS-1 themselves; it is not filed for them. The Division gives November 2, 2026 as the filing deadline. That date is today as this page was prepared, so confirm the current deadline on the Division’s page. Payments begin on a rolling basis from September 15, usually within 90 days of filing.
Related
For take-home pay in the state see the New Jersey paycheck calculator, and for effective tax rates by state see the property tax rate by state calculator.
Sources
- ANCHOR: How ANCHOR Benefits Are Calculated, NJ Division of Taxation: Homeowner and renter benefit amounts, income limits, the property tax credit and the cap. Page shows last updated 07/16/26. Read November 2, 2026.
- ANCHOR Filing Information, NJ Division of Taxation: Filing rules, the $250,000 homeowner income limit, ineligible properties and the November 2, 2026 deadline. Read November 2, 2026.
- ANCHOR Program, NJ Division of Taxation: Program overview, confirmation letters mailed August 10, 2026 and PAS-1 for seniors. Read November 2, 2026.
Amounts apply to the 2025 benefit year as published by the NJ Division of Taxation. A different year will have different figures.
Frequently asked questions
How much is the New Jersey ANCHOR benefit for 2025?
Homeowners get $1,500 if 2025 income is $150,000 or less and $1,000 if it is $150,001 to $250,000. Renters get $450, or $700 if age 65 or older, with income of $150,000 or less.
What is the income limit for ANCHOR?
The income used is on line 29 of the 2025 NJ-1040. Homeowners are not eligible above $250,000 and renters are not eligible above $150,000.
What is the ANCHOR filing deadline?
The Division of Taxation lists November 2, 2026 as the deadline to apply for the 2025 benefit. Confirm the date on the Division page before relying on it.
Do I have to apply for ANCHOR myself?
Not always. The Division filed for most eligible homeowners under 65 and not collecting disability benefits, and for most eligible renters. Seniors and Social Security or Railroad Retirement disability recipients who own a home must file the PAS-1 themselves.
Is there a limit on how much I can receive?
Yes. All property tax relief benefits combined cannot exceed the property taxes you paid on your main home for the same year.
Not legal or tax advice
This page summarizes published government information and is an estimate, not tax, legal or financial advice. The state agency, a title company or a closing attorney makes the official determination. Everything runs in your browser; nothing you enter is sent anywhere.