Requires State appropriations for Affordable New Jersey Communities for Homeowners and Renters Property Tax Relief Program and annual reporting of property tax relief program data; establishes Property Tax Relief Program Oversight Committee.

New Jersey's A5332 bill ensures state funding covers all property tax credits and rebates for eligible homeowners and renters under the ANCHOR program and similar initiatives, preventing shortfalls in payments. It mandates annual public reporting by the state tax authority detailing program participation, including the number of recipients, total funds distributed, and breakdowns by age, income, and program type. The bill also creates a Property Tax Relief Program Oversight Committee - appointed by the Governor, Senate President, and Assembly Speaker - to monitor program effectiveness and recommend improvements. The committee must issue public reports on program outcomes and administration, aiming to enhance how property tax relief is delivered statewide.