Property Tax Reimbursement Instructions - New Jersey Division Of Taxation Page 11
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1627.
Q.
When reporting the amount of the property taxes due and paid on my home,
or 18% of the site fees I paid for my mobile home, should I reduce the total
amount by the amount of the homestead property tax rebate I received during
the year?
A.
No. The amount of the homestead property tax rebate that you received should not
be taken into consideration when determining the amount of your property tax
reimbursement.
28.
Q.
My property taxes were $2,000 for 1997 and $2,500 for 1998. I qualified for a
senior citizens property tax deduction of $250 in each year. I paid my taxes in
full and on time. What amount should I use when completing my application
for the property tax reimbursement?
A.
For 1997 you would enter $1,750 ($2,000 minus senior citizens deduction of $250)
and for 1998 the actual amount due would be $2,250 because the senior citizens
deduction lowered the property taxes due.
The amount of any senior citizens deduction and/or veteran’s deduction received
by applicants will not affect the amount of the property tax reimbursement.
29.
Q.
My property taxes were $1,650 for 1997 and $2,150 for 1998. I qualified for a
veteran’s deduction of $50 in each year. I paid my taxes in full and on time.
What amount should I use when completing my application for the property
tax reimbursement?
A.
For 1997 you would enter $1,600 ($1,650 minus veteran’s deduction of $50) and
for 1998 the actual amount due would be $2,100 because the veteran’s deduction
lowered the property taxes due.
The amount of any senior citizens deduction and/or veteran’s deduction received
by applicants will not affect the amount of the property tax reimbursement.
MARRIED COUPLES
If your filing status for either Form NJ-1040 or the Homestead Property Tax Rebate is married,
filing separate return and you maintain the same principal residence as your spouse, you should
still file only one property tax reimbursement application. As long as you satisfy the combined
income limitations and the spouse who owned and occupied the home satisfies all of the
eligibility requirements you will still be eligible to receive the reimbursement.
30.
Q.
My husband John and I live together in a home in Newark. We file our federal
and State income tax returns separately. Our combined income was $19,840
in 1997 and $21,500 in 1998. How do we file for the property tax
reimbursement?
1/00
PTR FAQ – 7
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