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Office of the State Treasurer

NEWS RELEASE

FOR IMMEDIATE RELEASE
CONTACT:  Tom Vincz  
May 19, 2003
(609) 633-6565
State Begins Mailing NJ SAVER Rebate Applications

 TRENTON -- John E. McCormac announced today that the Division of Taxation has begun mailing the 2002 NJ SAVER Rebate Application Packets this week. Application packets will be mailed to New Jersey homeowners over a two-week period.

 New Jersey residents who owned a home that was their principal residence on October 1, 2002, and paid property taxes on that home may be eligible for the 2002 NJ SAVER rebate.

 Under Governor McGreevey's proposed FY 2004 budget, nearly $200 million in SAVER program spending is being shifted to provide additional education aid to school districts. The proposed changes would also affect income eligibility for the program, reserving SAVER for filers with incomes below $100,000. Since program eligibility can still change between now and when the budget is adopted by the Legislature, applications are being sent to all potentially eligible residents. Last year, the program provided 1.2 million checks to eligible filers with incomes under $200,000.

 "Our objective is to encourage all potentially eligible New Jersey homeowners to apply for this tax relief program," said Treasurer McCormac. "While the final terms of SAVER may still be subject to change between now and when the budget is adopted, it is important to get applications into position for processing by maintaining the normal mailing schedule," he said. "Timely filing helps the Division of Taxation to apply all program changes to applications and prepare checks for mailing," he said

 The NJ SAVER rebate automated telephone filing system and the Internet filing application are available 24 hours a day, 7 days a week. "Homeowners who have received their application packets can file for the NJ SAVER rebate by phone by calling 1-877-658-2972, or online at www.njsaverrebate.com," said Robert K. Thompson, Director of the Division of Taxation. Anyone who may be eligible for a 2002 NJ SAVER rebate and who has not received their application packet by June 13, 2003, may call the NJ SAVER Rebate Hotline (609-826-4282) to have one mailed to them.

 2002 NJ SAVER Rebate Application Mailing Schedule

    COUNTY
DELIVERY EXPECTED
 Cape May, Union
5/19/2003
 Bergen, Burlington, Cumberland, Warren
5/22/2003
 Passaic, Mercer, Middlesex, Gloucester
5/27/2003
 Morris, Ocean
5/28/2003
 Sussex, Essex, Monmouth, Atlantic
5/31/2003
 Hunterdon, Somerset, Camden, Salem, Hudson
6/3/2003


 The filing deadline for 2002 NJ SAVER rebate applications is July 15, 2003, and checks will be mailed on or before September 15, 2003. Homeowners who are eligible for both the homestead rebate and the NJ SAVER rebate will receive whichever provides the greater benefit in their individual case.

 For more information on the NJ SAVER Rebate Program homeowners may call the NJ SAVER Rebate Hotline at 609-826-4282 from 8:30 a.m. to 4:30 p.m., Monday through Friday. NJ SAVER rebate information is also available on the Division of Taxation's Web site at www.njsaverrebate.com or through the Division's Automated Tax Information System at 1-800-323-4400. TTY service is provided for the hearing impaired at 1-800-286-6613 or 609-984-7300.



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