Makes permanent additional $250 ANCHOR property tax benefit for certain senior citizen homeowners and tenants.

This bill makes permanent an additional $250 property tax benefit for senior citizens under New Jersey's ANCHOR Property Tax Relief Program. The change directly affects homeowners and tenants aged 65 or older who meet specific income limits, with a cap of $250,000 for homeowners and $150,000 for renters. By amending existing state law, the legislation ensures these seniors receive the extra relief annually rather than limiting it to fiscal years 2024 through 2026. The benefit is paid alongside other ANCHOR assistance and requires no new application process for eligible recipients.