Gloucester City Mayor Bill James (Photo credit: CNBNEWS.NET)
CNBNEWS ARCHIVES POSTED Friday, February 27, 2009
GLOUCESTER CITY NJ February 7, 2009--“Most of our senior citizens should now qualify for this program if they own their own homes”, Mayor Bill James.
Those qualified are directly reimbursed by the state for the difference between the amount of local property taxes paid in the base year (the year applicants become eligible and first filed for the program) and the amount of the property taxes paid for the reimbursement year.
Forms to apply for retroactive refunds for 2007 will be available in the Gloucester Tax Collectors office by the end of February and the 2008 forms will be in sometime next month.
Mayor James said the changed eligibility requirements will translate into big savings for local seniors. “This should benefit quite a few people”, he said.
The town hasn’t yet set a date for the session which will provide employees from the tax collectors office to assist seniors in filling out their 2008 tax year forms.
The deadline to submit retroactive 2007 applications is March 21st. The deadline for the 2008 applications is June 30, 2009. Checks will be issued by the state by sometime this summer.
While the program reimburses seniors for property tax increases in eligible years, James emphasized that it does not forgive all property tax commitments. “Seniors will still have to pay municipal taxes but they will be reimbursed for the increases,” James said.