Wednesday, March 7, 2012

NJ bolsters 'senior freeze' property tax program

Thousands of elderly and disabled New Jersey residents will more easily get a break on their property taxes under a new law enacted this month.

Known as the "senior freeze," the program allows eligible homeowners to receive the difference between the amount of local property taxes they paid when they enrolled in the program and the amount they paid in the reimbursement year.

Applicants must meet income requirements and have paid property taxes directly or through rent on a principal residence for at least 10 consecutive years, including three as the owner of the property for which they're seeking reimbursement.

But participants who …

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