New Jersey § 54:4-8
Full text of New Jersey New Jersey Statutes § 54:4-8, with citation guidance and answers to common questions.
§ 54:4-8.
a. In addition to the property tax benefits paid under the ANCHOR Property Tax Relief
Program to eligible homestead owners and tenants on their principal residences, whether
owned or rented, pursuant to the provisions of sections 3 or 4 of P.L.1990, c. 61 ( C.54:4-8.59 or C.54:4-8.60 ) as amended, the State Fiscal Year 2024 appropriations act shall provide for the
following additional benefits under the ANCHOR Property Tax Relief Program: (1) a resident homestead owner 65 years of age or older with gross income not in excess
of $250,000 for the tax year that is used to determine such resident homestead owner's
eligibility for the ANCHOR Property Tax Relief Program is eligible for an additional
benefit in the amount of $250; provided, however, the total benefits received by
such resident homestead owner under the ANCHOR Property Tax Relief Program and this
section shall not exceed the amount of property taxes paid by such resident homestead
owner; and (2) a resident 65 years of age or older whose homestead is a unit of residential rental
property with gross income not in excess of $150,000 for the tax year that is used
to determine such resident's eligibility for the ANCHOR Property Tax Relief Program
is eligible for an additional benefit in the amount of $250. b. The additional property tax benefits required pursuant to subsection a. of this
section shall be paid in State Fiscal Years 2024, 2025, and 2026 at the same time
and in the same manner as, and as part of the same application process for, property
tax benefits provided under the ANCHOR Property Tax Relief Program.
Frequently Asked Questions About New Jersey § 54:4-8
What does New Jersey Statutes § 54:4-8 cover?
Section 54:4-8 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 54:4-8?
A common citation format is "New Jersey Statutes § 54:4-8" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 54:4-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.