Anchor Program Status 2025. Stay nj, in conjunction with anchor and senior freeze, is designed to cut property taxes by up to 50%, capped at $6,500, for residents 65 and older in new jersey who earn less than $500,000 a. The law includes a provision concerning an appropriation for the.

According to program details written into the fiscal year 2025 state budget, anchor benefits were left unchanged from last year’s amounts for both homeowners and renters, even. Anchor, entering its third year, is expected to see a payout total increase by more than $165 million in both the current fiscal year and 2025 because of the popularity of the program with.