2012 Homestead Benefit
Credit on Property Tax Bill. Most homeowners will receive their benefit as a credit on their May 2015 property tax bill. Your tax collector will issue a property tax bill or advice copy reflecting the amount of the benefit.
Check (or Direct Deposit).You will receive a check (or direct deposit) if:
Your homestead benefit is based on your:
- 2012 New Jersey gross income,
- 2012 filing status (single; married, filing jointly; head of household; etc.),
- Age/disability status (whether you were 65 or older and/or disabled on December 31, 2012),
- Property taxes paid in 2006 on your principal residence.
For information on how your benefit is calculated see:
Amounts you receive under the Homestead Benefit Program are in addition to the State’s other property tax relief programs. The total of all property tax relief benefits you receive (homestead benefit, property tax reimbursement, property tax deduction for senior citizens/disabled persons, and property tax deduction for veterans) cannot be more than the amount of property taxes paid on your principal residence for the same year.
View information on: Eligibility | How to File | FAQ
If you receive a benefit that is larger than the amount for which you are eligible, you must repay any excess received. The Division can deduct the amount you owe from your homestead benefit or income tax refund or credit before the payment is issued.
Send an email about your Homestead Benefit