Find a Property Tax Exemption in NJ You Qualify For

Reducing Property Taxes Find a Property Tax Exemption in NJ You Qualify For

Every Property Tax Exemption in NJ Explained

Reducing property taxes is important for your budget, especially if you live in New Jersey, which is one of the states with the highest property tax rates—2.19%. In 2019, New Jersey citizens paid around $8,861 in property taxes.

Lowering your property tax doesn’t need to involve moving to states with the lowest property taxes. If you qualify for a property tax exemption in NJ, this could reduce your tax bill considerably.

Understanding Property Taxes in New Jersey

When you are a property owner, you have to pay taxes on that property. After a property tax assessment, the assessor determines your property’s value and multiplies it with the local tax rate to calculate your tax bill. Even if the value of your property isn’t that high, considering the high tax rates in New Jersey, you probably won’t be happy with your bill.


NJ property taxes are the main source of revenue for:

  • Education costs
  • Police departments
  • Community services
  • Maintenance services
  • County and municipal expenses

Types of Property Tax Exemptions in New Jersey

Property tax exemptions exclude a portion of your home’s value from being taxed. New Jersey offers different tax relief programs—not only typical exemptions but also deductions of $250 and deferments or postponements of tax payments.

Here are the programs that can help you lower property taxes in NJ:

  1. $250 veteran property tax deduction
  2. 100% disabled veteran property tax exemption
  3. Active military service property tax deferment
  4. $250 property tax deduction for senior citizens and disabled persons

NJ Veterans Property Tax Exemption

If you want to receive a veteran property tax deduction, you need to:

  1. Be a homeowner
  2. Be a legal resident of New Jersey
  3. Have active duty service in the U.S. Armed Forces with an honorable discharge

NJ Property Tax Exemption for Disabled Veterans

To qualify for the 100% disabled veteran property tax exemption, you need to meet the following requirements:

  1. Being a legal New Jersey resident
  2. Owning and occupying your property as your primary residence
  3. Having active duty service in the U.S. Armed Forces
  4. Being honorably discharged

Active Military Service Property Tax Deferment

You may be eligible for the active military service property tax deferment if you’re a serviceperson who was deployed or mobilized for active service in time of war. Once your deployment is complete, you need to pay your property taxes within 90 days.

Property Tax Deduction for Senior Citizens and Disabled Persons

The property tax deduction for senior citizens and people with disabilities covers $250. To be eligible for this deduction, you should:

  1. Own and live in your home
  2. Stay within the income threshold
  3. Be a legal NJ resident for at least one year

How Else To Reduce Property Taxes in NJ

If you live in your primary residence or if you’re a senior, you can also count on other tax relief programs besides the exemptions and deductions, including:

  1. Homestead benefit program
  2. Senior freeze program

Being a senior or living in your home won’t automatically make you eligible for a tax reduction. Here’s an overview of the eligibility requirements that you need to meet to qualify for these programs:

Program Eligibility Criteria

Homestead

  1. Be a resident of New Jersey
  2. Own and occupy your NJ home as your primary residence
  3. Pay your property taxes
  4. Complete the income requirements:
    • $150,000 or less for homeowners aged 65 or over, blind, or disabled
    • $75,000 or less for homeowners under the age of 65 and not blind or disabled

Senior freeze

  1. Age and disability:
    • Be 65 or older or
    • Get federal Social Security disability benefit payments 
  2. Residence—Be a renter or a homeowner in New Jersey 
  3. Homeownership:
    • Be a homeowner
    • Be a mobile homeowner
  4. Income limit (changes every year):
    • Earn $91,505 or less in 2019
    • Earn $92,969 or less in 2020
  5. Property taxes and site fees:
    • Have paid property taxes on your home or
    • Have paid site fees on your mobile home

How To Reduce Property Tax in NJ With DoNotPay

Managing your property taxes in New Jersey can be a convoluted process. While there are many tax reduction options, the eligibility requirements and the application process seem like too much to handle. 

This is why DoNotPay has created the Property Tax feature! Once you get our guide, you won’t look for help paying your tax bills because you’ll have all the tools you need.

Our guide consists of two parts:

Tax Exemptions Property Assessment Appeals
  • All the property tax exemptions you are eligible for
  • Instructions for getting the necessary forms to apply
  • Guidelines for submitting your application
  • Hacks for negotiating with the local assessor
  • Tips on gathering evidence for your appeal
  • Instructions for filling out a property tax appeal form and submitting it

To get your hands on the valuable Property Tax guide, follow these instructions:

  1. Open DoNotPay in any web browser
  2. Locate the Property Tax feature
  3. Answer questions about yourself
  4. Provide the necessary info about your property

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