Property Tax Deductions & Exemptions

New Jersey Property Tax Benefits

Are You Eligible?
Revised July 2005
Website
Supplemental Income Statement Form (PDF)

Some applications are available online for your convenience. Some forms require the Supplemental Income Statement Form, for more information or questions please call the Tax Assessor's Office 856-589-0520, ext. 248.
Please print, complete, and bring to the Tax Assessor's office located in the Municipal Building.

$250 Property Tax Deduction for Veterans or Surviving Spouses
NJ.SA. 54:4-8.10 et seq.
Copy of DD214 required (Surviving Spouses must also provide Death Certificate)
Deduction Form (PDF)
Supplemental Form for Peacekeeping Missions (PDF)

Two hundred fifty dollars ($250) may be deducted each year from taxes due on the real or personal property of qualified war veterans or their unmarried surviving spouses. In 1999, a constitutional amendment increased the deduction from $50 to $100 for 2000; $150 for 2001; $200 for 2002 and 250 per year thereafter. To qualify, you must be an honorably discharged U.S. Armed Forces war veteran or the unmarried surviving spouse of such a war veteran or the unmarried surviving spouse of a serviceperson who served in time of war and died while on active duty. You must be a property owner and a legal resident of New Jersey and, where applicable, prove that the deceased veteran or serviceperson was a legal resident of New Jersey. Claim Form V.SS must be filed with your municipal tax assessor or collector. Please note the ** in section 4 of claim and also fill out the supplemental form if needed.

Full Property Tax Exemption for 100% Disabled Veterans or Surviving Spouses
NJ.SA. 54:4-3.30 et seq.
Deduction Form (PDF)
Supplemental Form for Peacekeeping Missions (PDF)

100% permanently and totally disabled war veterans or the unmarried surviving spouses of such disabled war veterans are granted a full property tax exemption on their dwelling house and the lot on which it is situated. To qualify, you must be an honorably discharged disabled veteran who had active service in time of war in the U.S. Armed Forces, or the unmarried surviving spouse of such a disabled veteran. Unmarried surviving spouses of servicepersons who died in active service in time of war also qualify. Wartime service connected disability must be certified by the U.S. Department of Veterans Affairs (VA). You must be the full owner and a permanent resident in the dwelling and legal resident of New Jersey. In the case of surviving spouses, the deceased spouse must also have been a legal resident of New Jersey. Claim Form D.V.SSE. must be filed with your municipal tax assessor. Please note the ** in section 5 of claim and also fill out the supplemental form if needed.

$250 Real Property Tax Deduction for Senior Citizens, Disabled Persons or Surviving Spouses
NJ.SA. 54:4-8.40 et seq.
Deduction Form (PDF)
Income Statement and Birth Certificate Required

An annual $250 deduction from real property taxes is provided for the dwelling of a qualified senior citizen, disabled person or their surviving spouse. To qualify, you must be age 65 or older, or a permanently and totally disabled individual or the unmarried surviving spouse, age 55 or more, of such person. You must be a legal resident of New Jersey for one year immediately prior to October 1 of the year before the year for which the deduction is requested. You must be an owner of and a permanent resident in the dwelling on October 1 of the year before the year for which the deduction is requested.

Income may be no more than $10,000 during the year for which the deduction is claimed, excluding with restrictions, monies received from social security, Federal and State pension, disability and retirement programs. Claim Form PTD must be filed with your municipal tax assessor or collector. Additionally, Form PD5, Annual Post-Tax Year Income Statement must be filed with your tax collector.

Reduced Assessment for Farmland
NJ.SA. 54:4-23.1 et seq.
Deduction Form (PDF)
Land devoted to agricultural or horticultural use may be assessed for property tax purposes on its value for those uses as well as its productivity rather than on the market value of the land for any other use. To qualify, the land must be a minimum of five acres which are devoted to agriculture or horticulture for at least two consecutive years prior to the tax year and must continue in that use until the end of the tax year for which the claim is made. The land usage must result in product sales or anticipated product sales totaling at least $500 per year for the first five acres, plus $5 per acre for each acre over five, except woodland or wetland where the minimum income must be 50¢ per acre for any acreage over five. The reduced assessment must be applied for on Form FA-1 annually on or before August 1 of the year prior to the tax year. Applications are available at your local tax office. For additional information please click here.

Exemption From Added Assessment for Blast or Radiation Fallout Shelters
NJ.SA. 54:4-3.48 et seq.
The fallout shelter exemption is equal to the value by which the property is increased through construction of the shelter but not in excess of $1,000. To qualify, the fallout shelter must be located on residential property of not more than two families and completed as of October 1 of the year prior to the year for which the exemption is sought. A fallout shelter exemption application, Form FS-1 must be filed with your municipal tax assessor by October 1.

General Abatement & Exemption Information
Exemptions/Abatements must be implemented by municipal enabling ordinance. Abatements represent that portion of the assessed value of a property as it existed prior to construction, improvement or conversion. Exemptions represent that portion of the assessor’s full and true value of any improvement, conversion alteration, or construction not regarded as increasing the taxable value of a property.

5 Year Abatement & Exemption Law
NJ.SA. 40A:21-1, P.L. 1991, c. 441 et seq.
This law consolidates the provisions for exemptions and abatements for improvements to commercial/industrial buildings. At least part of the municipality must be determined to be an “area in need of rehabilitation” by resolution of local governing body. Claim Form EA-1 must be filed with assessor within 30 days of completion of the improvement, conversion alteration or construction. For information, call 609-292-7842.

Commercial and/or Industrial Structures
An amount of up to the true value of improvements, as determined by the assessor, may be exempt. Tax agreements for exemption and abatement of new commercial and industrial construction must be authorized by ordinance. Such agreements provide for payments in lieu of taxes per statutory formula.

Property Tax Deduction/Credit
Homeowners and tenants who paid property taxes on their principal residence in NJ either directly or through rent during the year may be eligible. The benefit is either (a) deduction from taxable income of the total amount of property taxes paid on principal residence (for tenants, 18% of rent) or $10,000, whichever is less; or (b) $50 refundable credit. Call 609-292-6400 for more information.

Property Tax Reimbursement (Freeze)
Homeowners, including owners of mobile homes located in mobile home parks, age 65 or older, or receiving Social Security disability benefits, who paid property taxes on their principal residence in New Jersey directly or through mobile home park site fees may be eligible. Applicants must be NJ residents for at least the past 10 years, lived in the home for which reimbursement is claimed for at least the last 3 years, and meet certain income limits. Applicants must meet all requirements for both the base year and the reimbursement year.

Call 800-882-6597 for more information.

*Budgetary restrictions may affect these programs.