Higher Income Limits and Simplified Residency Requirements Introduced for 2023
TRENTON, NJ – The New Jersey Department of the Treasury’s Division of Taxation has initiated the mailing of applications for the 2023 Senior Freeze Property Tax Reimbursement program, announcing significant expansions to the program’s eligibility criteria. This year’s updates, which include a substantial increase in the income eligibility limit and a simplified residency requirement for new applicants, are designed to extend the program’s benefits to more seniors and disabled residents within the state.
The Senior Freeze program, a critical component of New Jersey’s property tax relief efforts, offers reimbursements to eligible seniors and disabled residents for increases in property taxes or mobile home park site fees on their principal residences. Reflecting a commitment to supporting older and disabled New Jerseyans, the recent legislative changes — part of Governor Phil Murphy’s FY23 budget proposal — have raised the income eligibility limit to $150,000, up from $99,735 in the 2022 season. Additionally, the previous requirement for applicants to have been New Jersey residents for 10 consecutive years has been eliminated, making it easier for newer residents to qualify.