What is the Property Tax Deduction For Senior Citizens, Disabled Persons or Surviving Spouses?

$250 REAL PROPERTY TAX DEDUCTION FOR SENIOR CITIZENS, DISABLED PERSONS OR SURVIVING SPOUSES N.J.S.A. 54:4-8.40 et seq.

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 each year after initial qualification.