This $250 deduction is made available to senior citizens 65 and over or their surviving spouse 55 or over. Seniors must be citizens of New Jersey and owners of the property for which a deduction application is submitted as of October 1 of the previous year. The property must also be their primary residence. The surviving spouse can apply for the deduction if they are 55 or over at the time of the senior's death. See the State of New Jersey form (PDF) for full instructions.
This deduction is also available to those persons deemed totally disabled. The requirements are the same as for Senior Citizens except that there is no age requirement. A letter from the Social Security Administration indicating permanent and total disability is required proof.
The applicant's income, including that of their spouse, cannot exceed $10,000.
Proof of age, ownership and residency are required at the time of application.
Annual Post Tax Year Statement Required
Senior Citizens or Permanently Disabled Individuals who qualify for a $250 deduction must file a statement verifying their eligibility. This statement is called the Annual Post-Tax Tear Statement (or PD5) (PDF), and it is mailed by our office to each deduction recipient in February of each year. This form must be completed, signed and returned to our office each year on or before March 1. If you fail to file this form it will result in the deduction being charged back for the subsequent year. We thank you for your promptness in this matter.
If the property is sold, this form (PDF) must still be completed by the deduction recipient in order for the deduction to remain in a prorated amount for the portion of the year they owned the property matter.