Geared toward keeping seniors in New Jersey during their golden years, Stay NJ is designed to offer property tax rebates to those 65 and older with incomes of up to $500,000. New Jersey residents may apply for Stay NJ using the PAS-1 application. Payments are calculated based on property tax bills as well as eligibility for ANCHOR and Senior Freeze. All seniors qualify for all three programs, but eligibility is determined by criteria such as household income and length of residence. Stay NJ checks are now being mailed to approximately 430,000 qualifying taxpayers who applied last year. The payments are to be distributed in quarterly installments at an average of approximately $637 for the first check. The first quarterly payment began rollout Feb. 9. The next quarterly payment is scheduled to be mailed in mid-May.
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