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Q. When will the 2017 chief acreage tax benumb be accessible and what are the limitations?

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— Senior

A. You’re allurement about the account that’s frequently alleged the Chief Freeze.

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If you’ve never filed before, you can acquisition the appliance – Anatomy PTR-1 – on the Division of Taxation’s website.

If you accept filed in the past, you will accept a alone appliance – Anatomy PTR-2 – by mail, said Chen Lu, an enrolled abettor with Lassus Wherley in New Providence.

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Lu said if you authorize to use anatomy PTR-2 and you did not accept a alone application, alarm the Acreage Tax Agreement Hotline at (800) 882-6597 to appeal one to be mailed to you.

The Chief Benumb affairs reimburses chief citizens and disabled bodies for acreage tax increases, Lu said.

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“For applicants who accommodated all the eligibility requirements for 2016, and afresh for 2017, the bulk of the 2017 agreement will be the aberration amid the 2016 and 2017 acreage tax due and paid, as continued as the bulk paid for 2017 is greater than the bulk paid for 2016,” Lu said.

But there are assets limitations. It acclimated to be that your 2016 assets charge be beneath than or according to $87,007, and your 2017 assets charge be beneath than or according to $87,268.*

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But again there was a change: “The State Budgets for FYs 2017 and 2018 set the afterward abilities for Senior Benumb payments: Applicants were acceptable alone if their absolute assets was $70,000 or beneath (the aboriginal absolute was $87,007), and they met all the other program requirements. Acceptable applicants whose assets was over $70,000 but was $87,007 or beneath did not accept a agreement but accustomed accommodation for future years with their applications,” the state’s website said.

“Income includes but is not bound to Social Security benefits, alimony and retirement benefits, taxable and tax-exempt interest, assets basic assets and more,” she said. “The assets is accumulated assets if affiliated or in a civilian union.”

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The due date for the 2017 Chief Benumb appliance is Oct. 31, 2018, Lu said.

It will booty a while afore you see your agreement check. You can analysis the schedule here.

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* The cavalcade was adapted to accommodate revised assets amounts. 

Email your questions to [email protected]

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Karin Price Mueller writes the Bamboozled cavalcade for NJ Advance Media and is the architect of NJMoneyHelp.com. Follow NJMoneyHelp on Twitter @NJMoneyHelp. Acquisition NJMoneyHelp on Facebook. Sign up for NJMoneyHelp.com’s account e-newsletter.

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