Elder Law

Seniors and the Disabled Get Tax Rebate Expansion From Corzine

By dvanar

More senior citizens and disabled homeowners now are eligible to  receive property tax rebates, thanks to a bill signed by Governor Jon S. Corzine on December 18th. 

The bill (A-3460), which was signed at the Bergen County borough’s activity center, increased the income eligibility limit for senior and disabled homeowners.

Under the bill, income eligibility limits increased to $70,000 in tax year 2008 and to $80,000 in tax year 2009, whether single or married. The limits changed from the current law which set income eligibility limits of $45,135 for singles, and a combined limit of $55,344 to $60,000 for married couples.  

There are currently 132,000 recipients of the property tax rebate. As a result of raising the income eligibie limits, it is expected that an additional 15,000 homeowners will be eligible to receive property tax rebates.

Full post as published by Law Office of Donald D. Vanarelli Blog on December 29, 2008 (boomark / email).