The first batch of ANCHOR Property Tax Relief rebate payments started rolling out Tuesday to New Jerseyans who selected to receive their payments via direct deposit, state officials announced.
Gov. Phil Murphy and Treasurer Elizabeth Maher Muoio announced that the first batch of ANCHOR Property Tax Relief rebate payments will be on their way to New Jerseyans who elected their rebate via direct deposit today.
More than 800,000 New Jerseyans will receive a direct deposit of their ANCHOR rebate payment Tuesday, Gov. Phil Murphy and Treasurer Elizabeth Maher Muoio jointly announced. Following the direct deposit payments, checks will start being mailed in the first week of April.
“At a time when families are facing increasing pressure on their wallets, it’s a good feeling to know we are following through on our promise to make New Jersey more affordable,” Murphy said in a statement.
The Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) property tax relief program expands upon the former Homestead Benefit property tax relief program by extending eligibility to renters and increasing the income threshold for eligible homeowners.
More than 1.7 million New Jersey residents applied for the ANCHOR program, including 1.25 million homeowners and over 514,000 renters. According to the state, the majority of payments will be issued before May 3, however, applications that need additional information may take longer to finalize.
