NEW JERSEY — Governor Phil Murphy and Treasurer Elizabeth Maher Muoio have announced that the first batch of ANCHOR Property Tax Relief rebate payments are on their way to New Jerseyans who elected their rebate via direct deposit. The statement says paper checks will follow direct deposits during the first week of April.

“At a time when families are facing increasing pressure on their wallets, it’s a good feeling to know we are following through on our promise to make New Jersey more affordable,” Murphy said. “This is real relief getting sent to more of our hardworking taxpayers than ever before, proof that a future we are determined to make more affordable and full of opportunity is possible.

More than 1.7 million New Jersey residents applied for the ANCHOR rebate program, including 1.25 million homeowners and over 514,000 renters. Most payments should be issued before May 3, 2023, for those who applied and were eligible.

“When the Governor and the Legislature created the ANCHOR program, we knew it would be a game changer for residents all over the State,” Muoio added. “I’m so pleased that money is going back into the pockets of more New Jerseyans than ever before.”

The Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) property tax relief program extends eligibility to renters for the first time in a generation and increases the income threshold for eligible homeowners. 

“We made property tax relief a top priority in our budget, and we delivered the largest property tax relief program in state history. The ANCHOR Program expanded eligibility to more families and increased the amount given to historic highs,” said Assembly Speaker Craig J. Coughlin. “As we continue to make New Jersey more affordable, we will build on this success.”

“It is great to see the checks getting out the door and into the hands of hardworking residents. As many families struggle to make ends meet, the ANCHOR program will provide much-needed assistance to both homeowners and renters,” said Senate President Scutari. “It is an important part of our ongoing commitment to making New Jersey more affordable and delivering meaningful property tax relief.”

Residents can check the status of their application and payment online by visiting nj.gov/treasury/taxation/anchor. Officials say if a payment is not received, electronically or by paper check by May 3, 2023, applicants should use the status inquiry link or call 1-888-238-1233 for more information.