Eligibility
You are eligible for a 2007 New Jersey homestead credit or rebate if your domicile (or permanent legal residence) is in New Jersey and you meet the following conditions:

• Own and occupy a home in New Jersey that was your principal residence on October 1, 2007;
• Have gross income for 2007 of $150,000 or less. (This does not include income that is not subject to New Jersey gross income tax such as Social Security, Railroad Retirement benefits, or unemployment compensation. View list of other nontaxable income.)
• The home must be subject to local property taxes, and 2007 property taxes must have been paid. However, the State Budget mandates that the 2007 rebate will be calculated using 2006 property taxes. See Rebate Amounts by Income Limits for Homeowners.

New Jersey residents are not eligible for a homestead credit or rebate if no property taxes are paid on their dwellings. This includes:

• Homeowners completely exempt from paying property taxes on their principal residence. This can include certain disabled veterans and their unmarried surviving spouses/surviving civil union partners/surviving domestic partners who may claim a 100% exemption from local property taxes under certain conditions.
• Homeowners who made P.I.L.O.T. (Payments-in-Lieu-of-Tax) payments to their municipality. These payments are not considered property taxes for purposes of the homestead credit/rebate.

How to File

Homeowners had until the extended due date of October 31, 2008, to file their 2007 homeowner rebate applications.

NOTE: Homeowners do NOT file their homestead rebate applications with the New Jersey income tax return. Only tenants use Form TR-1040 in the resident income tax return packet and only tenants file their homestead rebate applications electronically at the same time they file their New Jersey tax returns.

Rebate Amount
The amount of the rebate is based on an applicant’s income, filing status, property taxes, and whether the applicant was age 65 or older or eligible to claim an exemption as blind or disabled for tax year 2007. The State Budget mandates that the 2007 rebate will be calculated using 2006 property taxes.

The State Budget limits 2007 rebate amounts for homeowners.

• Rebate Amounts by Income Limits for Homeowners
• View Schedule of Rebate Payment Dates for Homeowners
• Homestead Rebate Frequently Asked Questions

Send an e-mail about your Homestead Rebate