The deadline for filling the NJ Homestead rebate is September 1st 2009. The application packets were mailed the week of July 27th and everyone should have them by August 11th. For those that didn’t receive a packet then go to How To File Section for more information.
The easiest way to file is to use the NJ Homestead web filing application. You will not need any other information than your id and pin from your Homestead paper packet and your Gross Income for 2008.
NJ Homestead Rebate Explanation
The Homestead Rebate Program provides rebates for homeowners and tenants who occupied their principal residence in New Jersey on October 1, paid property taxes on that dwelling either directly or through rent, and whose gross income for the entire year does not exceed certain limits.*
The rebate is for a portion of the property taxes paid one a dwelling, so it runs a year behind just like filing for regular taxes. The application for the 2009 Homestead Rebate will be filed in 2010. To make it even more confusing the 2008 rebate is based on the dwelling’s 2006 taxes not, not the 2007 or 2008 taxes.
NJ also lowered the income limit this year so more people will be excluded. You will only get a rebate if you make $75,000 Adjusted Gross Income for a household/couple not per person. We were able to file last year and normally get about $600 back, but the new limit pushes us out since we are a one and a half income family that makes more than $75,000 gross.
How much will you get back?
Basically the NJ rebate boils down to 20% back on your first $10,000 of property taxes paid in 2006 if you gross under $50,000 and 13.34% if you gross between $50,001 and $75,000. Here is the link to the table if you want to see it more clearly.
When will I get my check?
The checks are expected to be mailed/deposited in October. Mailing for Senior and disabled tax payers began July 31st as their deadline wasune 1st 2009. You can check your NJ Homestead rebate status on the NJ Taxation site although the online system hasn’t been updated with the 2008 information yet.
If you have any questions that I didn’t cover, leave a comment below and I will update the post to include the answer.