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 amends New Jersey law to require the Director of the Division of Taxation to include sales of properties in age-restricted communities sold by third parties (such as guardians, executors, or trustees) in the table of equalized valuations used for tax assessments. It directly affects residents of age-restricted communities, as current rules exclude these sales from valuation calculations due to their non-market nature. The key change mandates that such third-party sales be counted as part of the data determining fair market value for property tax purposes. This adjustment aims to ensure assessments better reflect actual market conditions for these properties.