New Jersey legislation · 2026-2027 Regular Session
New Jersey A5687: ANCHOR property tax benefit-increase for certain senior citizen tenants
Status: In committee, October 19, 2026
Increases ANCHOR property tax benefit for certain senior citizen tenants.
What the bill says
An Act concerning the ANCHOR Property Tax Relief Program and amending P.L.2023, c.75.
From the introduced text, October 19, 2026:
An Act concerning the ANCHOR Property Tax Relief Program and amending P.L.2023, c.75. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. Section 15 of P.L.2023, c.75 (C.54:4-8.61a) is amended to read as follows: 15. a. In addition to the property tax benefits paid under the ANCHOR Property Tax Relief Program to eligible homestead owners and tenants on their principal residences, whether owned or rented, pursuant to the provisions of sections 3 or 4 of P.L.1990, c.61 (C.54:4-8.59 or C.54:4-8.60) as amended, the State Fiscal Year 2024 appropriations act shall provide for the following additional benefits under the ANCHOR Property Tax Relief Program: (1) a resident homestead owner 65 years of age or older with gross income not in excess of $250,000 for the tax year that is used to determine such resident homestead owner's eligibility for the ANCHOR Property Tax Relief Program is eligible for an additional benefit in the amount of $250; provided, however, the total benefits received by such resident homestead owner under the ANCHOR Property Tax Relief Program and this section shall not exceed the amount of property taxes paid by such resident homestead owner; and (2) a resident 65 years of age or older whose homestead is a unit of residential rental property with gross income not in …
Sponsors
- Erik K. Simonsen (R, 1) · primary sponsor
Latest actions
- : INT 1RA REF AHU
Subjects: HUMAN SERVICES, TAXATION - PROPERTY TAX, SENIOR CITIZENS
Common questions
- What is A5687?
- A5687 is a bill in the New Jersey Legislature (2026-2027 Regular Session): ANCHOR property tax benefit-increase for certain senior citizen tenants.
- What does A5687 do?
- In its own words: An Act concerning the ANCHOR Property Tax Relief Program and amending P.L.2023, c.75.
- What is the status of A5687?
- In committee as of October 19, 2026. Latest action: INT 1RA REF AHU (October 19, 2026).
- Who sponsored A5687?
- Erik K. Simonsen (R, 1).
- Where is the official record for A5687?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A5687
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.