Attention Veterans: How Does No Real Estate Taxes Sound?
We are deeply grateful for your service to our country. Please be aware that if you were “totally and permanently” disabled during wartime (or if your spouse was killed during active duty during wartime), you may be exempt from paying real estate taxes on your principal residence in New Jersey. This means you need not pay property taxes on your home or the property it sits on! This program is fully described in New Jersey’s Constitution and Tax Laws. Learn more here.
If you, your elderly parent or other family member fits the category, you must investigate this money-saving program. To be eligible for this real estate exemption, you must be able to say “yes” to the following requirements:
- You must have been honorably discharged .
- You must be VA certified.
- You must be the full owner and permanent resident of the property for which you are applying for the tax exemption.
- The property must be considered a legal “domiciliary” property. (This means you can’t say you live in a commercial building and not pay taxes.)
If you are a surviving spouse of a fallen veteran, some additional rules apply. If you want to be exempt from these taxes you must also:
- Live in the property in question; and
- You must not have remarried.
You must apply for the program through the local municipal tax assessor’s office in the town where the dwelling is located. Additionally, no retroactive taxes will be refunded.
New Jersey’s property taxes are through the roof. Veterans have served this country proudly and should take advantage of every money-saving program available to them.
Nursing home abuse lawyer Barry Sugarman has been an advocate of elderly residents of New Jersey for many years. He fights for the rights of people who live in nursing homes and their families. If you have any concerns about your elderly loved one’s well-being, contact Mr. Sugarman for a consultation.