Property Tax Deductions

Deductions

If you are a qualified Veteran, Widow of a Veteran, Senior Citizen, Disabled Person, or Surviving Spouse of a qualified Senior Citizen or Disabled Person, you may be eligible for deductions, which reduce your property tax liability. Under certain conditions, combined deductions may be allowed, i.e.: Vets and Senior Citizens. Requirements are as follows:

Veterans & Widows of Veterans

Veteran - Owner of property and citizen and resident of New Jersey as of October 1 of the pre-tax year. Honorable discharge or release. Active service in time of war during one of the following periods:

MISSION OR OPERATION TIME PERIOD SERVED

Operation Enduring Freedom 09/11/01 - Ongoing
Operation Iraqi Freedom 03/19/03 - Ongoing
Joint Guard 12/20/96 - Ongoing
Joint Endeaver 11/20/95 - 12/20/96
Restore Hope 12/05/92 - 03/31/94
Desert Shield/Storm Shield* 08/20/90 - Ongoing
Panama Peacekeeping Mission 12/20/89 - 01/31/90

Lebanon Peacekeeping Mission 09/26/82 - 12/01/87
Grenada Peacekeeping Mission 10/23/83 - 11/21/83
Vietnam Conflict 12/31/60 - 05/07/75
Korean Conflict 06/23/50 - 01/31/55
World War II** 09/16/40 - 12/31/46
World War I 04/01/17 - 11/11/18

*With respect to the recent peacekeeping missions, a claimant must have actually served within a respective combat zone for a period of 14 days, continuously, or in the aggregate, unless receiving a service-incurred injury within the combat zone.**Includes Merchant Seamen
WIDOW - Husband met the above qualifications. She must not be remarried.

Senior Citizen, Disabled Person, or Surviving Spouse
Senior Citizen - Age 65 or over as of December 31 of the pre-tax year.
Disabled Person - Permanently and totally disabled as of December 31 of the pre-tax year.
Surviving Spouse - Age 55 or over at the time of death of person receiving Senior Citizen or Disabled Person deduction.
General Requirements
· Owner and resident in property as of October 1 of the pre-tax year.
· Citizen of New Jersey
Income limitations apply subject to existing laws. One of the following sources of income may be Excluded: Social Security or Railroad Retirement, or Government Pension (up to maximum of Social Security Benefit)

Property Tax Abatement Program

Edgewater Park residential properties more than 20 years old may qualify for a special property-tax exemption when they are renovated. If you remodel a residential property, the first $25,000 of improvements may not be added to the property's taxable value for five years.

Applications for the tax abatement program must be filed within 30 days of the completion of construction and must be approved by Township Committee.