Property Tax Freeze for Seniors in Nj
Imagine your property tax bill not climbing higher every year. Sounds like a fantasy, right? Well, New Jersey has this thing called the Senior Freeze (officially, the “Property Tax Reimbursement Program”). It’s not a literal freezer for your taxes, but it’s close.
If you qualify, the state sends you a check each year to cover the increase in your property taxes since a base year. Yes, the state pays you back for the difference. Why? Because they feel your pain—and your wallet’s pain.