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NJ A4010
Bill
Status
2/5/2026
Primary Sponsor
Alex Sauickie
Click for details
AI Summary
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Extends ANCHOR Property Tax Relief Program eligibility to homeowners who make payments in lieu of property taxes (PILOTs) to their municipality, rather than traditional property taxes
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Extends eligibility to tenants residing in rental properties where PILOTs are paid instead of property taxes
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Maintains existing income thresholds: homeowners with income up to $150,000 receive up to $1,500; those earning $150,001-$250,000 receive up to $1,000; tenants with income up to $150,000 receive $450
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Residents age 65 or older remain eligible for an additional $250 benefit
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Benefits calculated based on 2023 PILOT amounts attributable to the principal residence as of October 1, 2024
Legislative Description
Amends Fiscal Year 2026 annual appropriations act to extend ANCHOR benefits to certain individuals who make payments in lieu of property taxes.
State and Local Government
Last Action
Introduced, Referred to Assembly State and Local Government Committee
2/5/2026