Deductions & credits
Homeowners and tenants who pay property taxes, on a principal residence in New Jersey, either directly or through rent, may qualify for either a deduction or a refundable credit when filing an Income Tax return.
The property tax deduction reduces your taxable income. You can deduct your property taxes paid or $15,000, whichever is less.
Go back to the New Jersey Tax summary page and Update the Taxes and Credits. You will be able to enter the information in this section to get the deduction.
