Requires benefits under certain State property tax relief programs to be provided as credits and requires tabulation of credits and deductions be included on property tax bills.

This bill requires that benefits from New Jersey's Anchor, homestead property tax reimbursement, and Stay NJ property tax relief programs be applied as credits directly on property tax bills rather than as separate payments. It affects homeowners and residents of cooperatives, mutual housing corporations, and continuing care retirement communities who qualify for these state tax relief programs. The legislation mandates that property tax bills clearly display all credits and deductions, and it updates payment schedules to ensure credits are distributed quarterly or on a rolling monthly basis depending on when applications are submitted. Housing entities receiving credits on behalf of residents must pass these amounts as credits against charges for the resident's share of property taxes.