Wednesday, May 4, 2016
NJ HOMESTEAD BENEFIT ISSUED
The NJ Department of the Treasury has announced that most New Jersey homeowners who were eligible and filed for a 2013 Homestead Benefit will receive the benefit as a credit on their May 2016 property tax bills.
Homeowners will receive their benefit in the form of a check in early May if their home was a unit in a co-op or a continuing care retirement community, or they indicated when filing that they no longer owned the home that was their principal residence on Oct. 1, 2013.
The 2013 benefit, which will be paid in 2016, is based on the 2006 property taxes for the applicant’s principal residence on Oct. 1, 2013. If no property taxes were assessed on the home for 2006, the state will determine the amount of property taxes that would have been due. Confusing enough?
You can check the status of their homestead benefit here. And find additional information about the NJ Homestead Benefit here.