A tax lien is simply a claim for taxes.Ī New Jersey tax lien certificate transfers all the rights that come with being the owner of the real estate tax lien from Ocean County New Jersey to the investor. A tax lien certificate is a document indicating ownership of a real estate tax lien. In return, Ocean County New Jersey gives investors New Jersey tax lien certificates. To solve this cash-flow problem, Ocean County New Jersey allows investors to come in and pay off a portion of these delinquent property taxes. Without the tax revenue generated from real estate located in Brick New Jersey, Ocean County New Jersey would literally go bankrupt. If Ocean County New Jersey is unable to collect property taxes, they are also unable to fund important government services like police protection, public schooling, and emergency medical services. Real estate taxes fund local services such as public education, police protection and medical services.ĭelinquent property taxes create a serious cash-flow problem for Ocean County New Jersey. The age/disability and three-year homeownership requirements remain unchanged.The collection of real estate taxes for properties located in Brick New Jersey is a major priority for the Ocean County New Jersey Tax Collector. Eliminates the requirement that an applicant must be a New Jersey resident for 10 consecutive years.Increases the income limit for the program to $150,000 and.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.īeginning with the 2023 filing season, the law: Important Program Changes Coming Next Year For more information, choose the "Calculation and Payment Schedule" button below. We are currently issuing 2022 payments to qualified applicants. The deadline for 2022 applications is October 31, 2023. To qualify, you must meet all the eligibility requirements for each year from the base year through the application year.Įligibility requirements, including income limits, and benefits available for all property tax relief programs are subject to change by the State Budget. The Senior Freeze Program reimburses eligible senior citizens and disabled persons for property tax or mobile home park site fee increases on their principal residence (main home). Senior Freeze (Property Tax Reimbursement)
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