This deduction is offered through the municipality, and, if qualified, an individual may be eligible to receive $250 a year off their property taxes.
Must make under $10,000 a year excluding social security; if married, total combined income can not exceed $10,000 excluding social security
You must have owned the property as of October 1 of the previous year and be residing at the residence
Example: If applying on February 1, 2008, for the deduction, you must have owned the property as of October 1, 2007
Must be 65 years old or permanently and totally disabled as of December 31 of the previous year
Must have been a resident of New Jersey for the 12-month period preceding October 1 of the previous year
In addition to the general qualifications, a surviving spouse of a senior or disabled person must:
Not have re-married
Have reached 55 by December 31 of the previous year and was 55 at the time of death for the deceased spouse
Be a surviving spouse of a person who was receiving the deduction at the time of their death.