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News & Press: Financial Literacy News

Homestead Rebate vs. Senior Freeze

Tuesday, July 25, 2017   (0 Comments)
Posted by: Brian Pontious
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Q. What's the difference between the Homestead Rebate and the Senior Freeze? I received  a property tax credit for my last quarter's taxes through the Homestead Rebate program. I qualify for the Senior Freeze program and I'm not certain if I should apply. 
-- Senior

A. Apply away.

If you qualify for both programs, you can get benefits from both.

The Senior Freeze program offers a property tax reimbursement to eligible seniors -- 65 and older -- or disabled individuals, said Cynthia Fusillo. a certified public accountant with Lassus Wherley in New Providence.

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