Prohibits homestead property tax rebates and credits and ANCHOR property tax benefits from being paid to property owners who move out of State.

This bill (A5089) changes eligibility for New Jersey's homestead property tax rebates and ANCHOR program benefits. It requires recipients to be state residents during the calendar year the benefit is paid - not just during the tax year for which the benefit is issued. Currently, residency is only required for the tax year (e.g., 2023 taxes paid in 2024), but this bill adds a requirement that recipients must still live in New Jersey when the rebate is disbursed. It directly affects homeowners who move out of state after paying property taxes but before receiving their rebate. The change applies to both standard homestead rebates and the ANCHOR program, effective January 1 following enactment.