"Murphy's 2025 Budget: NJ Tax Relief and Business Tax Hikes"
Originally Published 1 year ago — by NJ.com
New Jersey Gov. Phil Murphy has proposed maintaining the ANCHOR property tax benefit at the same payment levels for another year, offering up to $1,750 for homeowners and $700 for renters in his seventh state budget address. Murphy emphasized the program's effectiveness in lowering property taxes and providing financial relief to families, particularly during a time of rising prices.