The ANCHOR Property Tax Relief Program is included in the (New Jersey) governor’s proposed budget for fiscal year 2023, scheduled for release next week. It replaces the Homestead Rebate Program, which affects 470,000 homeowners annually and provides an average benefit of $626. Renters are not eligible for the current Homestead program.
Under the new program, homeowners making up to $250,000 per year will be eligible to receive an average $700 rebate to offset property tax costs. Also, renters making up to $100,000 per year will eligible for a rebate of up to $250 to help with rent increases due to property taxes.Patch.com
Think about that. Taking money from one place to put it another – without regard to need and often with bowered money. Earning $250,000 a year and you need a $700 tax rebate? Aren’t these the same earners politicians say should pay Social Security taxes on all their income?
It seems a characteristic of the progressive mindset to avoid addressing the basic problem, but rather to mask it by throwing money at it, mostly money they don’t have.