Here is the
latest word on the 2015 New Jersey Homestead Benefit, to be distributed in 2018
-
The
Division of Taxation will mail 2015 Homestead Benefit packets over a three-week
period in September 2017 -
Cape May,
Mercer, Ocean counties = Saturday, September 16
Monmouth,
Somerset, Union counties = Tuesday, September 19
Hunterdon,
Middlesex, Passaic, Sussex counties = Thursday, September 21
Camden,
Hudson, Morris counties = Saturday, September 23
Burlington,
Essex, Gloucester, Salem counties =Tuesday, September 26
Atlantic,
Bergen, Cumberland, Warren counties =Thursday, September 28
Using the
same delivery schedule, NJDOT will send an email with instructions for downloading
the packet to those filers who requested electronic delivery.
If you did
not receive your application or an email message, wait at least one week after
the expected delivery date for your county before contacting the Division. Call
the Homestead Benefit Hotline at 1-888-238-1233, 8:30 a.m. to 5:30 p.m., Monday
through Friday, except State holidays, or visit a Regional Information Center for
help.
The filing deadline is November 30,
2017.
You may be
eligible for a Homestead Benefit if you met these requirements:
· You
were a New Jersey resident; and
· You
owned and occupied a home in New Jersey that was your principal residence on
October 1, 2015; and
· Property
Taxes for 2015 were paid on that home; and
· You
met the 2015 income requirements
To meet the income requirements your
2015 New Jersey Gross Income – from Line 28 of your 2015 NJ-1040 - cannot be
more than –
· $150,000
for homeowners 65 or older or blind or disabled on December 31, 2015; or
· $75,000
for homeowners under 65 and not blind or disabled on December 31, 2015.
If you were
not a homeowner on October 1, 2015, you are not eligible for a Homestead
Benefit, even if you owned a home for part of the year.
You are not
eligible unless you are required to pay Property Taxes on your home. For
example, you are not eligible if -
· You
are completely exempt from paying Property Taxes on your principal residence
(such as certain totally and permanently disabled war veterans).
·
You
made P.I.L.O.T. (Payments-in-Lieu-of-Tax) payments to your municipality. These
payments are not considered Property Taxes for purposes of the Homestead
Benefit.
If you sold
your home, or plan to close on the sale on or before November 30, 2017 - if you no
longer own the home that was your principal residence on October 1, 2015, or you
plan to close on or before November 30, 2017, you must answer “No” to the
question asking whether you still own the property when filing the Homestead
Benefit application or you risk losing your benefit.
If you sell
your home after filing your application - the
Homestead Benefit will reduce the tax bill of the person who owns the property
on the date the benefit is paid. This means that if you indicated you still own
the home when filing your application, and later sell it, the only way to
receive your 2015 Homestead Benefit is to take credit for the benefit at the
closing of your property sale. If you plan to sell your home, discuss these
instructions with your attorney or closing agent so they can negotiate on your
behalf.
Your 2015
Homestead Benefit is based on your –
·
2015
New Jersey Gross Income,
· 2015
filing status (single; married, filing jointly; head of household; etc.),
· Age/disability
status (whether you were 65 or older and/or disabled on December 31, 2015),
·
Property
Taxes paid in 2006 on your principal residence.
In most cases your 2015 Homestead
Benefit as a credit on an installment of your quarterly property tax bill. Your tax collector issues you a property pax
bill or advice copy reflecting the amount of your benefit.
You will receive a check or direct
deposit only if –
· Your
home was a unit in a co-op or a continuing care retirement community; or
· You
indicated that you no longer owned your home. (See Homeowners Who Sold or Plan
to Sell Their Homes for more information.)
TTFN
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