Extends senior freeze benefits to certain senior citizens and disabled persons who have continuously resided in New Jersey for three years.

This bill (A703) would change New Jersey's homestead property tax reimbursement program, commonly called the "senior freeze," by lowering the residency requirement for eligible seniors and disabled persons. Currently, applicants must have lived in the state as homeowners for 10 consecutive years (with at least 3 as owners), but this bill would reduce that to just three consecutive years of continuous homeowner residency in New Jersey. The change applies to those who already meet the program's income limits (under $80,000 for 2009 tax year, adjusted annually) and own their principal residence. It does not alter the income thresholds or expand eligibility beyond current program criteria.