Permits eligible claimant who is proportionate owner paying entire property tax bill to collect entire homestead property tax reimbursement amount.

This bill changes New Jersey's homestead property tax reimbursement rules for co-owned homes. It allows a homeowner who lives in the property (an "eligible claimant") to collect the full reimbursement amount if they pay the entire annual property tax bill without financial contribution from other co-owners. Currently, reimbursement was split proportionally among co-owners, even if only one lived there. The change specifically helps situations like divorced owners paying all taxes on a jointly titled home without their former spouse's involvement. This applies to properties held as tenants in common, joint tenants, or by partnerships, but not corporations.