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ANCHOR

ANCHOR Property Tax Relief Benefits Guide

Direct property tax relief payments for eligible New Jersey homeowners — and renters.

WHAT IS ANCHOR?

The ANCHOR Program (Affordable New Jersey Communities for Homeowners and Renters) provides property tax relief payments to eligible New Jersey residents. It is designed to help reduce the cost of housing through direct financial assistance.

ANCHOR is not a loan, is not required to be repaid, and is separate from your regular property tax bill. The State of New Jersey determines eligibility based on residency, income, and housing status.

RENTERS MAY QUALIFY TOO

RENTERS

Many renters do not realize they may be eligible for property tax relief. You may qualify if you meet State requirements related to:

Renters should review the requirements and apply if they may qualify.

HOMEOWNERS

You may qualify if you:

Eligibility requirements are established by the State and may change each year.

WHAT BENEFIT DOES ANCHOR PROVIDE?

A DIRECT PAYMENT FROM THE STATE

Eligible residents receive a direct property tax relief payment. The benefit amount depends on factors established by the State, including:

Benefit amounts may change from year to year — always check the official ANCHOR website for current information.

BEFORE YOU APPLY

HOMEOWNERS SHOULD GATHER

RENTERS SHOULD GATHER

HOW TO APPLY

Online application

Many residents apply online through the State of New Jersey. The process generally includes:

Paper application

Some residents may use a paper application. Applicants should:

After submission, the State reviews the application and issues approved payments by direct deposit or mailed check.

COMMON MISTAKES TO AVOID

FREQUENTLY ASKED QUESTIONS

Do I need to own a home to qualify?

No. Eligible renters may also qualify if they meet State requirements.

Is ANCHOR a tax deduction?

No. ANCHOR is a direct payment from the State, not a reduction applied to your property tax bill.

Do I need to apply every year?

Requirements may vary year to year. Review current State requirements each filing period.

Can I receive ANCHOR and other benefits?

Possibly. Some residents qualify for multiple programs — each has separate requirements.

Paper application

NJ Division of Taxation — ANCHOR

Applications, eligibility information, program updates, and payment information.

NJ 2-1-1

Helps residents find community resources and connect with assistance programs.

State Legislators

Senator Robert “Bob” Smith, Assemblyman Kevin Egan, Assemblyman Joe Danielsen. Legislative offices cannot approve benefits or determine eligibility, but may help residents communicate with State agencies.

SAVES TIP

Renters: check eligibility before assuming no.

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