NJ Property Tax Rebate Checks Slashed: See By How Much

New Jersey seniors receiving their third Stay NJ quarterly payment this summer will notice the check is half the size of the first two, a cut tied to changes made in the state’s new $60.7 billion budget. Going forward, the income eligibility ceiling drops from $500,000 to $200,000, with benefits scaling up to $6,500 for those earning under $100,000. The deadline to apply for 2025 property tax relief is November 2, and seniors can use the combined PAS-1 form to apply for ANCHOR, Stay NJ, and Senior Freeze all at once.