"Highway Accident Property Tax Relief Act"; requires State to reimburse municipalities for costs of providing certain emergency services.

This bill requires the state to reimburse New Jersey municipalities for costs incurred when providing emergency services (like police, fire, or rescue) on state or federal highways following accidents or natural disasters. Municipalities can claim up to $1,500 per incident or $20,000 annually, with the state fund covering costs for both paid personnel and volunteer emergency organizations. The Highway Accident Property Tax Relief Fund, established within the Department of Community Affairs, will be funded through annual state appropriations and by taking over municipalities' rights to seek reimbursement from drivers or their insurance carriers. Claims must be submitted annually, and the state must reimburse approved claims within one fiscal year after submission, with annual reports to the legislature on usage.