"Homestead School Property Tax Reimbursement Act"; provides State reimbursement for 50% of school property taxes paid by seniors, 65 years and older.

This bill, the "Homestead School Property Tax Reimbursement Act," would provide a 50% reimbursement for the school portion of property taxes paid by eligible seniors aged 65 or older. To qualify, applicants must own or lease a homestead (including traditional homes, mobile homes in parks, condos, or cooperatives) as their primary residence, with income limits of $35,000 in the first year, $75,000 in the second year, and no limit thereafter. The reimbursement covers half the school tax portion paid on qualifying property, excluding commercial units or secondary residences, and adjusts for existing tax reductions. The bill is currently pending before the Assembly State and Local Government Committee (introduced January 13, 2026).