Directory of Teaneck Municipal Services: ASSESSOR

The Office of Assessment Administration is responsible for taxation in conformity with existing statutes and regulations. The office prepares all assessment rolls as required by law. Exemptions and partial exemptions such as qualified veterans or their widowed spouses, qualifying seniors citizens, houses of worship and certain schools are administered by this office.

Current New Jersey Property Tax Relief Programs as of June 2002 included:

Saver Rebate: This is the most recently enacted property tax relief program, having been instituted in 1999. All residents who owned and paid taxes on a home used as their principal residence are eligible. There are no age or income requirements. This rebate is applied for via telephone directly with the NJ Division of Taxation. The local assessor's office has no involvement in mailing forms, calculating rebate amounts, or processing claims. You may call 1-877-NJTAX72, toll free, for additional information on this program. The rebate amount varies by municipality and is based on the effective school tax rate.

Homestead Rebate: This program was formerly administered, in part, by the local assessor's office. It has been modified over the years and is now administered by the NJ Division of Taxation through NJ income tax returns (Form HR-1040 and NJ-1040 if required). Homeowners and tenants who pay property taxes on their principal residence in New Jersey, either directly or through rent payments, and whose gross income does not exceed $100,000 (65 or older, or disabled) or $40,000 (all others) are eligible. This rebate ranges from $30 to $500.

Property Tax Reimbursement: This is a program for those 65 or older or those receiving federal disability benefits only. These individuals must have paid property taxes on their principal residence directly or through mobile home park fees. Applicants must be NJ residents for at least 10 years and must have lived in the residence on which the reimbursement is claimed for at least 3 years. There are income limitations as well. Applicants must meet all requirements for the base year and reimbursement years. The reimbursement will be equal to the difference between the taxes paid in the reimbursement year and the base year. This program is administered by the NJ Division of Taxation. The local assessor's office has no involvement. The deadline for filing is March 15th. You may call 1-800-882-6597 for additional information or to request form PTR-1.

Property Tax Deduction/Credit: This is a deduction from your taxable income base for calculating your annual income taxes. It is available to all homeowners and tenants for their principal residence. It is filed for on your NJ income tax return, or on Form HR-1040, if not required to file an income tax return.

Senior Citizen's/Disabled Annual Property Tax Deduction: This is an annual $250 deduction available to those 65 or older with incomes less than $10,000 per year, excluding Social Security payments. Applicants must own and reside in the home on which the deduction is claimed. This deduction is processed locally, and application forms are available in the Assessor's office located on the first floor of the Municipal Building.

Veteran's Deduction: An annual deduction of $100 from property taxes is available to qualified veterans or unremarried widows of veterans. The amount of this deduction will be increasing by $50 per year until a maximum of $250 is reached in 2003. This deduction is administered by the local assessor's office. Applications are available in the Assessor's office located on the first floor of the Municipal Building.

2001 Department Reports: ASSESSOR

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