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New Jersey Homestead Rebate Tax Credit

03/08/2011

 

The New Jersey Homestead Rebate Program will provide property tax relief to eligible homeowners through a tax credit on their property tax bill instead of a direct rebate check. The NJ Department of Treasury began mailing out Homestead Rebate application packets to eligible residents in September.


Homeowners who meet the Homestead Rebate eligibility requirements will receive a partial credit for property taxes they paid in 2009 against their property tax bills for the second quarter of 2011. To be eligible for the program a person must be a New Jersey resident who owned a principal residence on October 1, 2009, and paid property taxes on that home and reported $75,000 or less in New Jersey gross income in 2009, or if they are a senior or disabled citizen with 2009 gross income of $150,000 or less.

The deadline for all homeowners to file their Homestead Rebate applications was November 1, 2010.

The Homestead Rebate Program is different from the Senior Freeze (Property Tax Reimbursement) Program. A comparison of the eligibility requirements for these two programs can be found on the Division’s website at: www.state.nj.us/treasury/taxation/. Applications for the Senior Freeze Program are also due by November 1.

For more information on the Homestead Rebate Program, homeowners may call the Division of Taxation’s Homestead Rebate Hotline at 1-888-238-1233 from 8:30 a.m. to 4:30 p.m., Monday through Friday. Homestead benefit information is also available on the Division’s website at www.state.nj.us/treasury/taxation/2009homesteadinfo.shtml and through its Automated Tax Information System at 1-800-323-4400.
Text telephone service for the hearing impaired is provided at 1-800-286-6613 or 609-984-7300.



FAQs for Tax Department

Q: When are my taxes due?
A: Municipal tax payments are due February 1, May 1, August 1, November 1 each year. There is a 10-day grace period for receiving payments.

Q: Will I have to pay interest if my tax payment is late?
A: Yes. The late payment interest rate is 8% on the first $1500 and 18% for any amount over $1500, retroactive to the first of the month.

Q: How do I appeal my taxes?
A. To appeal your taxes, you need to fill out a form from the Camden County Board of Taxation. Petitioners may download a copy from the County Board of Taxation website: http://www.camdencounty.com/government/offices-departments/board-taxation, or may pick up a form or send a self addressed stamped envelope to the Tax Board at the following address:

Camden County Board of Taxation
520 Market Street- 7th Floor
Camden, NJ 08102-1218
856-225-5238
Fax 856-225-5242
Hours 8:30 a.m. – 4:30 p.m.

You may also download a Petition of Appeal (Form A-1) from the New Jersey Division of Taxation: http://www.state.nj.us/treasury/taxation/pdf/other_forms/lpt/petappl.pdf

PLEASE NOTE: This form must be printed on legal sized paper.  Petitions are also available for pick-up at the Camden County Satellite Office located at the following address.

County Store at the Voorhees Town Center
2015 Echelon Mall, 2nd Floor,
Voorhees, New Jersey 08043
(856) 566-2920
Monday-Friday, 10:00am to 9:00pm
Saturday - 10:00am to 5:30pm

Q: What is a tax lien sale?
A. A Tax Lien Sale, or Tax Certificate Sale is a public sale, usually at auction, of the right to collect on a delinquent taxpayer's debt. At the tax sale - held by the County, generally once each year - title to the delinquent property itself is not sold. What is sold is a tax sale certificate, a lien on the property. What is purchased by the winning bidder is not the deed to a property. The purchaser's money pays the delinquent taxes to the County on behalf of the delinquent property owner. In exchange, the purchaser is given first lien position on title, ahead of mortgages, deeds of trust, and judgments, subordinate only to State tax liens.

For more information, visit:

 http://www.state.nj.us/dca/lgs/taxes/collection/elements_of_tax_sales_nj.shtml

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