28 May I own two homes. What do I do with Stay NJ application?

Q. I purchased and moved to a new New Jersey residence in December 2025, however I still own the residence that I have been collecting ANCHOR and NJ Stay checks for the past three years. Which home do I list for benefits for the 2025 year? My daughter is living in and paying rent for my previous residence, and she is planning on buying it from me this year.
— Homeowner twice over

A. Congrats on your housing changes.

To your question, you should list both homes.

The state offers a detailed instruction form for the PAS-1 form, which covers ANCHOR, Senior Freeze and Stay NJ benefits.

After The Star-Ledger/NJ.com last year learned people who moved from one Jersey home to another had wrongly been turned down for benefits, the state made some changes to the application to hopefully alleviate confusion.

Turn to Line 4.

It says:

“Fill in the “Yes” oval if you owned (or rented) and lived in your main home in New Jersey on October 1, 2025. If “Yes,” continue with line 5.”

But if you answered no — which seems to apply to you because you’re now living in the new home — you need to make sur you’re eligible.

It says if “you moved from one main home you owned in New Jersey to another main home you owned in New Jersey during 2025,” you should complete Schedule 1.

“Enter the address of the main home you lived in on January 1, 2025, in column 1. Enter the address of the main home you lived in on December 31, 2025, in column 2,” it says.

Then you’d add information about both homes.

Everyone should remember that funding for the property tax benefits is subject to the state budget, which is due on July 1. We’re hearing lawmakers are likely to lower the income cutoff for Stay NJ to $250,000 and also lower the overall benefit from the three benefits to $4,500 or $5,000.

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This story was originally published in May 2026. 

NJMoneyHelp.com 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.