Stay NJ property tax benefits are set to be mailed next week, the state confirms. Keep an eye on your mailbox! Unlike the ANCHOR payment, all eligible homeowners will receive their Stay NJ benefits by paper check. However, don't expect them all at once. The state explains that payments will be sent out on a rolling basis, so it might take several weeks or more for all benefits to be processed and mailed. An estimated 438,000 homeowners have been approved to receive the first installment of Stay NJ, with an average payment of $639. You can check the status of your benefit on the Treasury website. Simply go to nj.gov/treasury/taxation/staynj and look for the big blue box that says 'Check Benefit Status'. This will tell you whether your benefit is processing or approved, and if approved, you'll also see the installment amount, expected payment date, and eligibility for ANCHOR and/or Senior Freeze. The Stay NJ benefit is designed to work alongside ANCHOR and Senior Freeze, halving property taxes for New Jersey homeowners aged 65 and older, and those receiving Social Security disability benefits. The income cutoff for eligibility is $500,000. If your ANCHOR and Senior Freeze benefits fall short of half your property tax bill, with the $6,500 cap, you'll receive an additional payment under the Stay NJ program. For further assistance, you can call the state hotline at (888) 238-1233 or visit a regional help center for in-person support. Remember, appointments are not required. Stay tuned for more updates on this important initiative!
