Can a Renter Get a Homestead Rebate in New Jersey?
If you are a New Jersey resident but do not own the home you live in, you are not eligible to receive the Homestead Tax Rebate in the current tax year. New Jersey changed its tax rules that allowed tenants to receive the tax rebates in 2008.
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Homestead Tax Rebate
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The Homestead Rebate Program provides property tax relief to New Jersey residents in the form of a tax credit on their property tax bill. To qualify for the 2010 tax rebate, you must be a New Jersey resident who owned or occupied a home in the state that was your principal residence on October 1, 2010. In addition, if you are under 65 years old and not disabled, your gross income must not exceed $75,000. The income threshold for homeowners 65 and older is $150,000 or less. The rebate is not available for second or vacation homes.
Renters
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In 2008, the Homestead Rebate Program allowed a tenant to receive a rebate check provided that she paid for property taxes through her rent and as long as she occupied the dwelling on October 1, 2008 and met gross income requirements. New Jersey has since abolished the rebate for renters.
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Co-op Owners
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If your principal residence is a unit in a co-op or a retirement community and you are eligible for the Homestead Rebate Program, New Jersey will issue a rebate check or direct deposit on or after May 2012.
How To Apply
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The New Jersey Department of the Treasury mails out Homestead Rebate application packets to eligible residents beginning in September. If you filed in the previous tax year, the information should be the same on your Homestead Benefit Worksheet; however, you should verify that the information is correct before entering your personal identification number (PIN). If this is your first time applying, contact the New Jersey Division of Taxation to obtain a PIN. Once you have a PIN, you may file for the rebate online.
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