Property-tax rates are at an all-time high in New Jersey. Fortunately, the new Anchor tax relief program is here to soften the blow. And Gov. Phil Murphy just announced an extra 31 days  for people to apply for the benefit, extending the deadline to Jan. 31, 2023. He said the state is also expanding eligibility. Homeowners and renters alike are eligible for the program. The expansion means that renters who had previously been ineligible because their unit is under a PILOT — Payment in Lieu of Taxes — agreement are now eligible. 

“Over 870,000 homeowners with incomes up to $150,000 will receive $1,500 in relief; over 290,000 homeowners with incomes over $150,000 and up to $250,000 will receive $1,000; and over 900,000 renters with incomes up to $150,000 will receive $450 to help offset rent increases,” according to a press release issued by the governor’s office. 

People can apply online, over the phone or by mail. Anchor relief payments are expected to be made in the spring.