The promise of a $6,500 benefit has been widely promoted as a major win for retirees struggling with high property taxes in New Jersey. At first glance, it sounds like a straightforward payment that could significantly ease financial pressure. However, the reality is more complicated, and many seniors are discovering they won’t receive anything close to that amount. That’s because the program is structured as a reimbursement tied directly to property taxes, not a flat check. Here is how the Stay NJ formula works and what you need to know about your potential payment.
