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BORDENTOWN CITY

Tax Deductions and Exemptions

Senior Citizens/Disabled Persons:           Senior Citizen’s deductions and deductions for disabled person’s are handled by the Tax Collector.  The Tax Assessor handles Veteran’s deductions and exemptions.  To download a brochure for deductions and exemptions, (click here)

http://www.state.nj.us/treasury/taxation/pdf/lpt/ptbenefitsbrochure.pdf

Qualifications:  To qualify for any of the $250 deductions, a taxpayer must, as of October 1 of the pre-tax year:

  • Be legal owner of, or have a factional interest (i.e. life rights) in, the property for which the deduction is claimed
  • Be a citizen and resident of New Jersey (“resident” meaning applicant must have resided in the State of New Jersey for the 12 month period immediately preceding October 1 of the pre-tax year; “citizen” meaning a citizen of New Jersey)
  • Reside at the property for which the application for deduction is being made
  • Receive (or reasonably anticipate receiving) an annual income (joint income with spouse) of $10,000 or less

Senior Citizen:  In addition to the general qualifications stated above, applicants for a Senior Citizen deduction must be 65 years of age on or before December 31 of the pre-tax year.

Disabled Person:  In addition to the general qualifications stated above, applicants for a disabled person deduction must be permanently and totally disabled (“disabled” meaning an inability to engage in any substantial gainful activity) as of December 31 of the pre-tax year.

Surviving Spouse/Surviving Civil Union Partner of Senior Citizen or Disabled Person:  In addition to the general qualifications listed above, applicants for a Surviving Spouse of a Senior Citizen or Disabled Person must:

·         Not have remarried; and

·         Have been at least 55 years of age at the time of the death of the deceased spouse; and

·         Have reached age 55 by December 31 of the pre-tax year; and

·         Be the surviving spouse of a person who was actually receiving either a Senior Citizen deduction or a Disabled Person deduction at the time of his/her death

Veteran’s Deduction:  To qualify for the Veteran’s Deduction, the claimant must, as of October 1 of the pre-tax year:

            For Veterans:

·         Be legal owner* of, or have a fractional interest in the property for which the deduction is claimed; and

·         Have an honorable discharge or release under honorable circumstances from active service in time of war in some branch of the US Armed Forces; and

·         Be a citizen and legal resident of New Jersey

For the Surviving Spouse/Surviving Civil Union Partner or Surviving Domestic Partner of a Veteran or Serviceperson:

·         Be legal owner* of, or have a fractional interest in the property on which the deduction is claimed; and

·         Not have remarried; and

·         Be a legal resident of New Jersey; and

·         Be the surviving spouse of a veteran who was honorably discharged or released under honorable circumstances from active service in the time of war in a branch of the Armed Forces of the US; OR

·         Be the surviving spouse of a citizen and resident who met death while on active duty in a branch of the Armed Forces of the US having had active service in time of war in a branch of the Armed Forces of the US; and

·         Prove that the deceased was a domiciled citizen and resident of New Jersey at the time of his/her death

*a tenant shareholder in a cooperative or mutual housing corporation is considered to be the owner of his proportionate share of the real property of the entity holding title

            For Full Property Tax Exemption for 100% Disabled Veterans or Surviving Spouses/Civil Union Partner/Domestic Partner of Disabled Veteran or Serviceperson:

·         Be honorably discharged disabled veteran who had active service in time of war or

·         Unmarried surviving spouse/civil union/domestic partner of such a disabled veteran;

·         Unmarried surviving spouses of servicepersons who dies in active service in time of war also qualify.  Wartime service-connected disability must be certified by the US Department of Veterans Affairs

·         Be the full owner and a permanent resident in the dwelling and legal resident of New Jersey; and

·         In the case of surviving spouse/civil union/domestic partner, the deceased serviceperson must also have been a legal resident of New Jersey

Forms Links:

Claim for Real Property Tax Deduction on Dwelling House of Qualified New Jersey Resident Senior Citizen, Disabled Person, or Surviving Spouse/Surviving Civil Union Partner: (Click Here)  http://www.state.nj.us/treasury/taxation/pdf/other_forms/lpt/ptd.pdf

Property Tax Deduction Claim by Veteran or Surviving Spouse/Surviving Civil Union Partner/Surviving Domestic Partner of Veteran or ServicePerson: (Click Here)

 http://www.state.nj.us/treasury/taxation/pdf/other_forms/lpt/vss.pdf

Claim for Property Tax Exemption on Dwelling House of Disabled Veteran or Surviving Spouse/Surviving Civil Union Partner/Surviving Domestic Partner of Disabled Veteran or Serviceperson:  (Click Here)

http://www.state.nj.us/treasury/taxation/pdf/other_forms/lpt/dvsse.pdf

Annual Post-Tax Year Income Statement of Qualified NJ Resident Senior Citizen, Disabled Person, or Surviving Spouse/Surviving Civil Union Partner Required to Continue Receipt of Real Property Tax Deduction on Dwelling House:  (Click Here)

http://www.state.nj.us/treasury/taxation/pdf/other_forms/lpt/pd502.pdf