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A Graduate of the Real Estate Institute (GRI), Lisa Mary Hanley, a Realtor® serving the community for over 25 years, puts her expertise as a Certified Residential Professional (CRP), an Internet Accredited (e-Pro), and pledge of personal attention to the details to work for you in every transaction. “Trust a Professional with your Most Important Investment!”

Tuesday, February 28, 2012

Washington Twp Property Tax Deduction - Seniors, Disabled & Surviving Spouses



$250 REAL PROPERTY TAX DEDUCTION FOR SENIOR CITIZENS, DISABLED PERSONS OR SURVIVING SPOUSES N.J.S.A. 54:4-8.40 et seq

Income Statement and Birth Certificate RequiredAn annual $250 deduction from real property taxes is provided for the dwelling of a qualified senior citizen, disabled person or their surviving spouse. To qualify, you must be age 65 or older, or a permanently and totally disabled individual or the unmarried surviving spouse, age 55 or more, of such person. You must be a legal resident of New Jersey for one year immediately prior to October 1 of the year before the year for which the deduction is requested. You must be an owner of and a permanent resident in the dwelling on October 1 of the year before the year for which the deduction is requested.
Income may be no more than $10,000 during the year for which the deduction is claimed, excluding with restrictions, monies received from social security, Federal and State pension, disability and retirement programs. Claim Form PTD must be filed with your municipal tax assessor or collector. Additionally, Form PD5, Annual Post-Tax Year Income Statement must be filed with your tax collector.

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