No Tax Impact for Eligible Seniors
Attention Seniors in Lawrence - Helping Lawrence Township with No Tax Impact to You!
As a senior member of our Lawrence Township community, your voice carries incredible weight in shaping the future of our town. As you know, great schools increase property values, foster a vibrant and connected neighborhood, and ensure the next generation is well-equipped to become thoughtful, engaged citizens.
The Lawrence Township Recreation Department, which provides programming for children, adults and seniors alike, will be able to use the new space in the middle school for its activities. The new space includes ADA-accessible parking, restrooms and easy access to building space, accessible without having to go through the school building. Grandparents attending sports games, concerts and other school events will benefit from these improvements as well!
The upcoming referendum is about more than improving our schools—it's about strengthening our entire community. Let’s keep Lawrence moving forward—because strong schools benefit us all.
No Tax Impact for Seniors: Did you know that many seniors will have NO TAX IMPACT due to this referendum, under the NJ Division of Taxation’s Senior Freeze program? The NJ Senior Freeze program locks the taxable value of the senior's home. If you are 65 or older, own your home and your 2024 income was $168,268 or less, you are eligible to be reimbursed for any property tax increase!
Seniors that have an income below $500,000 are eligible to receive a 50% tax refund off your total tax bill. The Stay NJ program offers property tax benefits to eligible homeowners aged 65 and older. It reimburses applicants for 50% of their property tax bills, up to a maximum of $13,000, with a 2024 benefit cap of $6,500. To qualify, you must have owned and lived in your home for the full 12 months of 2024 and have an income below $500,000.
New this year! You can apply for all the tax relief programs in one simple application and the state will let you know all of the programs you are eligible for. Visit https://propertytaxreliefapp.nj.gov
More information at www.nj.gov/treasury/taxation/relief.shtml