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By Samantha Marcus | NJ Advance Media for NJ.com
on March 07, 2017 at 11:38 AM, updated March 07, 2017 at 12:25 PM
TRENTON — Seniors and citizens who benefit from New Jersey’s Senior Freeze property tax relief program could receive credits against their real estate bills instead of rebates under a bill in the Legislature.
The Assembly State and Local Government Committee on Monday approved the bill, which would convert the Senior Freeze reimbursements into credits — a change the sponsors said would cut state administrative costs and spare eligible homeowners from having to pay the full bill before receiving a reimbursement check in the following tax year.
The Senior Freeze programs is slated to help offset property tax increases for about 166,000 property owners this fiscal year.
To be eligible for the Senior Freeze program, you must be 65 or older or receiving Social Security benefits and have lived in the state for 10 years. Other requirements, including income limits, apply.
