Instructions for Form PTR-1 Senior Freeze (Property Tax Reimbursement) Application - New Jersey

Form PTR-1 Senior Freeze (Property Tax Reimbursement) Application - New Jersey

This document contains official instructions for Form PTR-1 , Senior Freeze (Property Tax Reimbursement) Application - a form released and collected by the New Jersey Department of the Treasury. An up-to-date fillable Form PTR-1 is available for download through this link.

FAQ

Q: What is Form PTR-1?
A: Form PTR-1 is the application for the Senior Freeze (Property Tax Reimbursement) Program in New Jersey.

Q: Who is eligible to apply?
A: Senior citizens and disabled residents of New Jersey who meet certain income and residency requirements.

Q: What is the Senior Freeze Program?
A: The Senior Freeze Program provides property tax relief to eligible seniors and disabled residents by reimbursing them for any property tax increases.

Q: What documents do I need to include with my application?
A: You will need to include proof of income, proof of age or disability, and proof of property taxes paid.

Q: What is the deadline for submitting the application?
A: The deadline for submitting the Form PTR-1 application is usually October 31st of each year, but it is important to check the current year's deadline for any changes.

Q: How long does it take to receive a reimbursement?
A: It can take several months for the Division of Taxation to process and approve applications. Reimbursements are typically issued in the following year.

Q: Is there an income limit to qualify for the Senior Freeze Program?
A: Yes, there is an income limit based on the applicant's total income from all sources.

Q: Can I still apply if I rent my property?
A: No, the Senior Freeze Program is only available to homeowners who meet the eligibility requirements.