$250 senior citizen or disabled person deduction
A $250 yearly cut in the property tax bill for a homeowner who is 65 or older or permanently and totally disabled, or an unmarried surviving spouse 55 or older. Income can be no more than $10,000, not counting Social Security or certain pensions.
New Jersey example
Made-up example: a 70-year-old Trenton homeowner gets Social Security plus $6,000 a year from a part-time job. Social Security is left out, so her counted income is $6,000, under the $10,000 limit. If she meets the October 1 residency and ownership rules and files Form PTD, her bill drops by $250. She must also file a yearly income statement with the tax collector.
Official source
$250 Real Property Tax Deduction For Senior Citizens, Disabled Persons or Surviving Spouse
This is a plain-English summary. Rules and dollar amounts change, so check the official source or a professional before you file or sign anything.