NJ bolsters 'senior freeze' property tax program

By BRUCE SHIPKOWSKI

posted: 30 DAYS 15 HOURS AGO

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TRENTON, N.J. -Thousands of elderly and disabled New Jersey residents will more easily get a break on their property taxes under a new law enacted this month.

Known as the "senior freeze," the program allows eligible homeowners to receive the difference between the amount of local property taxes they paid when they enrolled in the program and the amount they paid in the reimbursement year.

Applicants must meet income requirements and have paid property taxes directly or through rent on a principal residence for at least 10 consecutive years, including three as the owner of the property for which they're seeking reimbursement.

But participants who moved were ineligible to receive reimbursement until they had lived in their new residence for three years, a requirement that had drawn much criticism.

The measure, signed by Gov. Jon Corzine this month after it passed the Legislature this summer with bipartisan support, cuts a year off that requirement. It means qualified "senior freeze" participants can resume claiming their reimbursement after the second tax year in their new home.

The program now helps about 132,000 households. Recipients must be disabled or at least 65 years old and earning $80,000 or less annually.

"We are simply trying to make this process easier for senior and disabled residents," said Linda Greenstein, D-Hamilton, who was among the bill's primary sponsors in the Assembly. "They should not be tethered to one spot for fear of losing needed property tax relief."

2009-10-26 10:56:51