Requires State reimbursement to municipalities of cost of disabled veterans' total property tax exemption.

This bill requires the state of New Jersey to reimburse municipalities 102% of the property tax costs they incur from granting disabled veterans a full property tax exemption. It directly affects disabled veterans (who receive the exemption) and local governments (which bear the tax loss but now get state reimbursement). Key mechanisms include annual certification by tax assessors and county boards of the number and total dollar amount of exemptions, with the state paying the full cost based on these reports. The bill amends existing tax law to clarify that these exemptions are excluded from taxable value calculations but still trigger state reimbursement.