Requires Director of Division of Taxation to include sales of properties in age-restricted developments by third parties in table of equalized valuations.

This bill requires New Jersey's Division of Taxation to include property sales in age-restricted developments (such as senior living communities) handled by third parties - like guardians, trustees, or executors - in the state's table of equalized valuations. Currently, these sales are excluded because they are not considered typical market transactions, but the bill states this exclusion unfairly burdens residents of such communities. By including these sales, the bill aims to create more accurate property tax assessments based on actual transaction data. This change directly affects residents of age-restricted communities by potentially adjusting their tax valuations to better reflect market conditions.