The ANCHOR program is a property tax relief program for New Jersey residents who own or rent property in New Jersey as their principal residence and meet certain income limits. Here are some details about the program:

Positive:

• Provides property tax relief to eligible New Jersey residents.
• Eligible residents who received an ANCHOR property tax benefit during the programs first year will receive the next one automatically.
• This year’s benefit provides an additional $250 for New Jersey residents who were 65 or older as of December 31, 2020.

Negative:

• Some taxpayers have been unable to speak with a representative from the ANCHOR hotline due to the popularity of the program causing delays.

Ingredients or materials:

• There is no information available about ingredients or materials related to the ANCHOR program as it is a property tax relief program and not a product.