Summit-area homeowners and renters have until Monday, Nov. 2, to apply for New Jersey's ANCHOR property tax relief program, with payments already landing in bank accounts and mailboxes statewide.

The state began sending ANCHOR rebates to residents 65 and older on Oct. 1 and to younger homeowners and renters on Oct. 15, Patch reported. The Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) program is funded with more than $2 billion this year.

One change will sting some seniors. The Legislature eliminated the $250 bonus payment for senior homeowners when it negotiated the state budget signed July 1, according to NJ.com. Senior homeowners who previously received up to $1,750 will now receive the same maximum as other homeowners: $1,500. Senior renters kept their $250 bonus, SNJ Today reported.

Who needs to apply

Most eligible homeowners under 65 and most renters of all ages had their applications filed automatically by the state Division of Taxation. Those residents should have received a confirmation letter mailed Aug. 10, according to the state Treasury's ANCHOR page.

No letter? You need to file on your own before Nov. 2.

Residents 65 and older and those collecting Social Security disability or Railroad Retirement disability benefits must file the combined PAS-1 application, even if they filed last year. The form covers ANCHOR, Senior Freeze and Stay NJ in one filing. Residents under 65 use the separate ANC-1 form.

Both applications are available at propertytaxreliefapp.nj.gov.

How much you could receive

Rebate amounts depend on income and whether you own or rent:

  • Homeowners earning up to $150,000: $1,500
  • Homeowners earning $150,001 to $250,000: $1,000
  • Renters earning up to $150,000: $450
  • Senior renters (65+): up to $700

Eligibility is based on 2025 income, age and residency. Homeowners must have owned and occupied their principal residence as of Oct. 1, 2025, and earned no more than $250,000. Renters must have been on the lease, paid rent and earned no more than $150,000.

Getting help before the deadline

State Treasurer Aaron Binder said in a statement that the PAS-1 form "allows seniors and disabled residents to apply for all of New Jersey's property tax relief programs at one time," according to WRNJ Radio.

No Union County filing events remain before the deadline, but the Division of Taxation's Cranford Regional Information Center at 6 Commerce Drive, Suite 300, is open weekdays from 8:30 a.m. to 4:30 p.m., closed for lunch from noon to 1 p.m. No appointment is needed. A filing event is scheduled for Sunday, Nov. 1, from 10 a.m. to 2 p.m. at 650 Pleasant Valley Way in West Orange, according to the state's property tax relief events page.

Residents who prefer phone help can call the Property Tax Relief Hotline at 888-238-1233 or schedule a callback at telegov.njportal.com/njtaxation.

Applicants should have their 2025 property tax details and the gross income from their 2024 NJ-1040 ready before filing. A Nov. 2 filing could produce a payment as late as about Jan. 31, 2027, based on the roughly 90-day processing time, according to SNJ Today.