Is there a 2018 Homestead Rebate? Who qualifies?


Q. Is there a 2018 Homestead Rebate this year? If yes, who qualifies?
— Homeowner

A. Short answer is we don’t know.

That’s because the Homestead Rebate program is two years behind.

The deadline to file 2016 applications was November 2018, said Dean Shah, a certified financial planner with Stonegate Wealth Management in Oakland.

He said there is no information available yet about the 2017 or 2018 program.

To be eligible of the property tax benefit in for the 2016 programs, you had to be a New Jersey resident who owned and occupied a home in New Jersey that was your principal residence on Oct. 1, 2016, Shah said.

Property taxes for 2016 must have been paid on the home, and then you had to meet the income requirements: earning $150,000 or less for homeowners age 65 or over or blind or disabled, or $75,000 for homeowners under age 65 and not blind or disabled.

You are not eligible for a benefit for vacation homes, second homes or rentals, Shah said.

To learn more about how the rebate works, read this story.

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This story was originally published on Aug. 29, 2019. presents certain general financial planning principles and advice, but should never be viewed as a substitute for obtaining advice from a personal professional advisor who understands your unique individual circumstances.