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August 19.2025

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New Jersey's 2025 ANCHOR Payments Are Here: Find Out What You Should Know

2025 ANCHOR Payments New Jersey dollar-filled bag.

Understanding the 2025 ANCHOR Property Tax Relief Program in New Jersey

As New Jersey residents brace for a welcome financial boost, the 2025 ANCHOR property tax relief program has officially commenced, as announced by the New Jersey Department of the Treasury. Beginning August 18, confirmation letters were mailed to approximately 1 million eligible residents, detailing their benefits and eligibility for this vital program.

Automatic Filings and Essential Deadlines

Past recipients of the program can expect relief filings to be handled automatically, streamlining the process. However, residents looking to amend personal information such as addresses, bank details, or preferring to receive paper checks must act promptly, submitting their applications by the September 15, 2025 deadline via anchor.nj.gov.

Impact of ANCHOR's Financial Aid

Governor Phil Murphy emphasized the program’s role in enhancing affordability across the state, maintaining its focus on easing property tax burdens. Last year's initiative allocated a staggering $2.1 billion to 1.8 million residents, showcasing its substantial impact on low to moderate-income homeowners and renters alike.

How to Apply and What to Expect

This year, changes have been introduced to the verification process; applicants will no longer receive ID/PIN numbers by mail and must utilize ID.me for online submissions. Furthermore, it’s crucial for residents aged 65 and older or those receiving Social Security disability to submit their Property Tax Relief Application (Form PAS-1) independently.

When Will the Payments Be Issued?

Payments will start rolling out from September 15, with most beneficiaries expected to receive their relief within 90 days of their applications, provided all necessary information is submitted. With benefits ranging between $450 to $1,750 depending on income levels, the ANCHOR program aims to reach those most in need.

Deadline Alert!

Residents must act quickly; the application deadline is set for October 31. For those uncertain about their application status, updates can be found at nj.gov/treasury/taxation.

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