The Break On Your Tax Bill
N.J.S.A. 54:4-8.41 — a $250.00 deduction for owners 65 or older, or permanently and totally disabled
The deduction. A citizen and resident of the state who is 65 or more years of age, or under 65 and permanently and totally disabled, with annual income within the section's limit, and residing in a dwelling house they own, is entitled annually on proper claim to a deduction against the tax assessed on it.
How much. The sum deducted does not exceed $250.00 for the year 1983 and each year after, and the annual income limitation for those years is $10,000.00.
A spouse's income. The income of a married person includes the spouse's income for the year, except for any part of it the two lived apart in a state of separation.
Alongside other relief. The deduction is not in addition to other deductions or exemptions except a veteran's deduction, and a person granted it may also receive any homestead rebate or credit provided by law.
Other exemptions and credits, and the forms and proof the assessor asks for, are set out in other sections that are not on this page. Whether a particular home qualifies is a question for the assessor's office or a licensed New Jersey attorney.
Sources for this section (1)
- N.J.S.A. 54:4-8.41 — The $250 deduction for owners 65 or older or disabled
Legal information, not legal advice. Verified as of September 2026. Applying it to a particular situation is the work of a licensed New Jersey attorney.