New Jersey Property Tax Credit
The property tax deduction reduces your taxable income. Therefore, the tax benefit varies depending on the amount of your taxable income, the amount of your property taxes or rent, and your filing status.
Eligibility
To be eligible for this credit you must have a principal residence, whether owned or rented, must be subject to local property taxes, and property taxes must have been paid on that residence either as actual property taxes or through rent.
(Non)Refundable
Refundable
How To Claim
This credit can be claimed on form NJ-1040
Property Tax Credit