July 15, 2005
"Senior Freeze" Checks on the Way
-- Acting Governor Richard J. Codey and State Treasurer John E. McCormac
announced today that eligible senior and disabled residents will soon
receive their 2004 Property Tax Reimbursement (PTR) checks. The Division
of Taxation began the statewide mailing of reimbursement checks today.
This year, checks issued under the PTR Program, which is also referred
to as the “Senior Freeze”, average $578.
“The Senior Freeze program is fully funded in this year’s
budget as part of our commitment to easing the property tax burden in
New Jersey, particularly for seniors and the disabled residents on fixed
incomes,” said Acting Governor Codey. “In order to ensure
that all eligible residents get the chance to apply, we also extended
the deadline for submitting an application to August 15,” Codey
Starting today, the Division will mail approximately 100,350 checks, which will average $578. At this time last year, 80,319 checks were mailed, which averaged $415.
With the extended deadline and the time it takes to process applications,
the number of checks issued to eligible participants will rise. Last
year, there were 64,000 additional applications processed after the
July 15 initial mailing, bringing the total number of 2003 PTR checks
issued to date to 145,016.