Low-Income NJ Residents to Get Rebates

Property tax rebates won't be cut for New Jersey homeowners making less than $50,000 a year, a state official with knowledge of the budget being prepared by Gov. Jon S. Corzine said.

The official, who spoke on condition of anonymity not to upstage the governor's Tuesday budget address, said rebates will be offered on a graduated scale.

But rebates for senior citizens and the disabled won't be slashed.

Last year, rebates cost the state about $1.7 billion. The checks provide relief against the nation's highest property taxes, averaging $6,800 a household.

Households earning up to $100,000 averaged $1,115 last year; those earning $100,000 to $150,000 averaged $665. Those earning more than $150,000 got nothing, while renters got $80.
 

Copyright AP - Associated Press
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