Those in Bergen, Burlington, Cape May, Cumberland, Gloucester, Mercer, Middlesex, Passaic, Union, and Warren counties should have the application in their hands by the end of this week. Applications will be sent to residents of the other counties during the week of May 5th.
The deadline for seniors and the disabled to submit their application has been announced as June 2, 2008 – but based on past years’ experience this deadline should eventually be extended through October 31, 2008.
Rebate checks for seniors and the disabled will begin to be mailed out on or about July 31st.
The current proposed FY 2009 budget calls for reducing the NJ Gross Income threshold for receiving a NJ Homestead Rebate from $250,000 to $150,000. Corzine wants to take the rebate away from homeowners with NJ income of more than $150,000.
Those with incomes of $100,000 or less will continue to receive a rebate of 20% of their 2007 real estate tax – capped at $2,000, but under the proposed budget those with incomes of between $100,001 and $150,000 would receive a 10% rebate – up to a $1,000 maximum. This is down from the 15% rebate of the first $10,000 of 2006 real estate taxes that was paid to this category of income in 2007.