New $1,750 Stimulus Check for New Jersey Residents Under ANCHOR Program
New Jersey is easing the financial strain of its high property taxes through the ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) program. Eligible homeowners and renters can receive up to $1,750 in stimulus checks, offering substantial financial relief in a state where the cost of living, particularly housing, is high.
What is the ANCHOR Program?
The ANCHOR program was created to support both homeowners and renters facing the burden of high property taxes. Homeowners with incomes up to $150,000 can receive a $1,750 check, while those earning between $150,000 and $250,000 are eligible for $1,000. Renters earning up to $150,000 qualify for a $450 check.
This tiered system ensures that relief goes to those who need it most, offering support that helps offset hou...