Governor Murphy, Senate President Scutari, Assembly Speaker Coughlin, Announce Historic $2 Billion Property Tax Relief Program

nj.gov

Governor Phil Murphy, Senate President Scutari, and Assembly Speaker Craig Coughlin today (6/15) announced the expansion of the ANCHOR Tax Relief Program, making the relief program one of the largest in state history. ANCHOR, which stands for Affordable New Jersey Communities for Homeowners and Renters, was announced by Governor Murphy in March as part of his Fiscal Year 2023 (FY2023) Budget Proposal. The expansion of the program will increase this investment from the nearly $900 million proposed in March to over $2 billion and will reduce property taxes for over 1.16 million homeowners and 900,000 renters beginning in FY2023.