Property Tax Freeze for Seniors & Disabled

Attention Seniors:  Some of the folks hardest hit by the tax revaluation (or “reval”) in Jersey City may be able to take advantage of New Jersey’s Property Tax Reimbursement Program, also known as the “Senior Freeze”.  This program reimburses eligible New Jersey residents who are senior citizens or disabled persons for property tax increases on their principal residence. You can complete this questionnaire online to see if you are eligible for a Senior Freeze.

Revaluation Photo

In order to be eligible, you must meet all the following requirements:

Age/Disability You (or your spouse/civil union partner) were:

  • 65 or older; or
  • Receiving federal Social Security disability benefit payments (not benefit payments received on behalf of someone else).
Residency You lived in New Jersey continuously for at least the last 10 years, as either a homeowner or a renter.
Home Ownership Homeowners. You owned and lived in your current home for at least the last 3 years.
Property Taxes/
Site Fees
Homeowners. You paid the full amount of the property taxes due on your home.
Income Limit You met the income limits.

Exclusions: you are not eligible for a reimbursement on:

  • A vacation home or second home; or
  • Property that you rent to someone else; or
  • Property that consists of more than four units; or
  • Property with four units or less that contains more than one commercial unit.

You also are not eligible if you:

  • Are completely exempt from paying property taxes on your home; or
  • Made P.I.L.O.T. (Payments-in-Lieu-of-Tax) payments to your municipality.

You can go to the state website for more detailed information or speak with your accountant

In order to help folks who may want to meet with Appraisal Systems and present additional information, I am offering to prepare Comparative Market Analysis (CMA) reports, which may be helpful if your appraised value is higher than comparable sales.  If you are interested in receiving a free CMA report on your home, please feel free to contact me at tom.wgcrealty@gmail.com.

This article was prepared by Thomas Gibbons, a licensed Realtor® at Warren G Curtin Realty.

Disclaimer: This article is not intended to provide any conclusions regarding the value of a specific property or its 2018 taxes.   Homeowners should consult with their professional tax advisors regarding how this revaluation may impact their 2018 taxes and an appraiser regarding appraised value.