Some New Jersey renters will get more than four times as much property tax relief as they got last year under Gov. Jon S. Corzine’s proposed budget.
Details released Tuesday show renters who earn less than $20,000 per year will get $350 in property tax relief from the state, up from $75 last year.
The increase is part of a property tax plan approved by the Legislature. The plan would provide a 20 percent property tax cut for most homeowners and lesser relief to others. Corzine and lawmakers have said the plan would also increase tax rebate checks sent to renters, but the specific details weren’t available until Tuesday.
Under Corzine’s budget plan, renters who earn up to $20,000 would get $350, up to $35,000 would get $300, up to $50,000 would get $200 and up to $100,000 would get $80.
Senior citizen renters who earn up to $70,000 would get $860, up from $825 last year. Senior citizens who earn up to $100,000 would get $160.
In all, about 800,000 tenants would get help.