The Homestead Benefit program provides property tax relief to eligible homeowners. For most homeowners, the benefit is distributed to your municipality in the form of a credit, which reduces your property taxes.
Eligible homeowners can expect to receive their 2016 Homestead Benefit property tax relief beginning May 1, 2019. Most homeowners will receive the relief in the form of a credit on their second-quarter property tax bill.
Tenants will not receive rebates for 2016. The amount appropriated for property tax relief programs in the State Budget does not include funding for 2016 tenant rebates.