These NJ Homeowners Are Getting A Bigger Property Tax Rebate

New Jersey’s updated budget keeps the Stay NJ senior property tax relief cap at $6,500, but lowers the income eligibility ceiling from $500,000 to $200,000, cutting out higher earners entirely. The twist: longtime Senior Freeze enrollees whose locked-in “base year” taxes exceed that cap can still collect the larger amount, since the state won’t claw back a bigger benefit just because it tops Stay NJ’s limit. The deadline to apply for 2025 relief is November 2, using the combined PAS-1 form.