NJ Property Tax Senior Freeze Program

EXTERNAL AFFAIRS COMMITTEE NOTICE

IMPORTANT TAX FREEZE PROGRAM CHANGES

(Revision 20081230A)

For those residents over the age of 65 and living in the same home for at least three years (other qualifications apply) the Property Tax Reimbursement (Senior Freeze) income eligibly amount has been revised and some Metedeconk Lakes Residents previously unqualified could in effect “freeze” their property taxes.

Information and application forms are scheduled to be sent out by the state to possibly eligible seniors in January. If you do not receive these papers by January 15^th call the hotline number 1-800-882-6597. The deadline for this application is March 31^st, 2009.

Other qualifications for eligibility apply. For detailed information on eligibility and answers to questions you may have go to go to the web site shown below.

I spoke to the people in Trenton with regards to the issues of concern due to recent changes in Jackson tax adjustment activity. There are two items that may at first appear to complicate matters.

• One is that some people have received a tax refund as the results of the mini-reval where taxes were in effect reduced for the calendar year 2008. In this case 2008 taxes were less than 2007 and applying for this program would make you ineligible.
• Secondly, we are in the midst of having our property taxes changed as the results of a reevaluation. Whatever the new taxes are in 2009, if the new tax is higher than what it was in 2008 this may qualify you for the program. If your 2009 taxes are less than what was paid in 2008 this would not allow you to qualify.

For the External Affairs Committee

Rich Despins - 732-928-7674