This is an important change to the NJ Senior Freeze program from the NJ Division of Taxation:
Important Program Change
P.L. 2023, c.75 which was signed into law June 30, 2023, expands the income limit and simplifies the residency requirements for new Senior Freeze program applicants.
Beginning with the 2023 filing season, the law:
- Increases the income limit for the program to $150,000; and
- Eliminates the requirement that an applicant must be a New Jersey resident for 10 consecutive years.
The age/disability and three-year homeownership requirements remain unchanged.