Budget & Taxes (Property Tax)

in committee · New Jersey · Senate Jan 13, 2026

SCR 66: Proposes constitutional amendment authorizing Legislature to establish casino gaming at Monmouth Park Racetrack and Meadowlands Racetrack; dedicates State's revenues.

SCR 66 proposes a constitutional amendment to allow New Jersey's Legislature to establish casino gaming at Monmouth Park Racetrack and Meadowlands Racetrack without requiring voter approval. If passed, the bill would enable these racetracks to operate casinos, with all state revenues from these casinos required to fund property tax reductions, utility bill assistance, and expanded health/transportation services for eligible senior citizens and disabled residents. The amendment is currently pending in the Senate committee, with no further action taken yet.

Topics ✓ Budget & TaxesSupports Budget & TaxesDedicates casino revenues to property tax reductions, utility assistance, and senior/disabled services, directly funding public programs per bill summary.95% confidence

Sub-Topics Property Tax

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in committee · New Jersey · Senate Jan 13, 2026

S 1212: Authorizes proportional property tax exemption for honorably discharged veterans having service-connected permanent disability; extends eligibility to veterans suffering from mental illness; establishes eligibility of property owned by disabled veteran with surviving partner for exemption.

This bill expands New Jersey's property tax exemption for veterans by adding mental illness as a qualifying service-connected disability. It allows veterans with a 100% service-connected disability rating (including mental illness) to receive a tax exemption proportional to their disability percentage. The bill also extends this exemption to surviving spouses, civil union partners, or domestic partners who own the veteran's home and continue to live there after the veteran's death. These changes update existing law to broaden eligibility while maintaining the current system of tax relief based on the veteran's documented disability rating.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands property tax exemptions for veterans with disabilities, providing direct tax relief. This aligns with 'provides tax relief' indicator for Budget & Taxes.95% confidence ✓ VeteransSupports VeteransExpands property tax exemption for veterans with service-connected disabilities including mental illness and extends eligibility to surviving partners, advancing benefits.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Healthcare Veteran Housing Veteran Mental Health

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in committee · New Jersey · Senate Jan 13, 2026

S 89: Permits short-term tax exemption for certain improvements to dwellings damaged by natural disasters.

This bill (S 89) provides a temporary property tax exemption for homeowners in New Jersey who elevate their homes after natural disasters. It applies specifically to the increased value from adding space under a home through elevation work (like raising a house to prevent flood damage), exempting that value from taxes for five years. Homeowners in areas declared disaster-affected by the Governor or President qualify, but only for the value directly tied to the elevation, not other improvements. The exemption aims to reduce financial barriers for rebuilding safely after events like floods or storms.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides temporary property tax exemption for disaster-affected homeowners, offering tax relief to lower-income residents by reducing tax burden on elevation improvements.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New Jersey · Senate Jan 13, 2026

S 1363: Adds to property tax levy cap exclusions increases in flood insurance premiums.

This bill (S 1363) modifies New Jersey's property tax levy cap rules to allow local governments (towns, counties, etc.) to exclude certain flood insurance cost increases from their tax cap calculations. It specifically permits local units to exclude flood insurance premium increases exceeding 2% over prior year costs in the first year after federal flood map changes, or the full initial cost if they lacked flood insurance before the change. For years 2-4 following map changes, the exclusion applies to premiums exceeding 2% regardless of prior coverage. The exclusion expires after four years and does not apply to other tax-related costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill excludes flood insurance costs from property tax levy cap, enabling local governments to manage budget without cap constraints, promoting fiscal responsibility.90% confidence

Sub-Topics Property Tax

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in committee · New Jersey · Senate Jan 13, 2026

S 136: Increases annual income limit for eligibility to receive homestead property tax reimbursement.

This bill (S 136) raises the annual income limit for New Jersey residents to qualify for homestead property tax reimbursement. It increases the current $150,000 income cap (for 2022 and later) to a higher amount for future tax years, making the program accessible to more homeowners. The reimbursement helps eligible homeowners - aged 65+ or disabled persons who own or lease their primary residence - get back some property taxes paid above a base-year amount. This change directly affects low-to-moderate-income elderly and disabled homeowners who currently exceed the income threshold. The bill amends existing law to adjust this income limit annually, aligning it with inflation or other factors as specified in the original statute.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases eligibility for property tax reimbursement, providing tax relief to more homeowners by raising income limits, aligning with tax relief indicators.95% confidence ✓ HousingSupports HousingExpands eligibility for homestead tax reimbursement, increasing access to property tax relief for more homeowners, thus supporting housing affordability.90% confidence

Sub-Topics Property Tax Property Taxes

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in committee · New Jersey · Senate Feb 5, 2026

S 1807: Requires municipalities to share certain payments in lieu of property taxes with school districts; informs counties, school districts, and DCA of certain information related to property tax exemptions and abatements.

New Jersey's S 1807 requires municipalities to share certain payments made by businesses (instead of property taxes) with local school districts. The bill also mandates that municipalities provide counties, school districts, and the Department of Community Affairs (DCA) with specific details about property tax exemptions and abatements. Key mechanisms include requiring municipalities to share revenue from tax abatement agreements and report exemption information annually. This directly affects municipalities (who must share funds and report), school districts (who receive shared funds), and county/DCA offices (who receive data). The bill focuses on transparency and revenue sharing related to property tax exemptions.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates sharing tax abatement revenue with school districts, increasing their funding. Directly supports public service funding under Budget & Taxes.90% confidence ✓ EducationSupports EducationMandates municipalities to share business tax abatement payments with school districts, increasing direct funding for K-12 education infrastructure and operations.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New Jersey · Senate Jan 13, 2026

S 91: "Homestead School Property Tax Reimbursement Act"; provides State reimbursement for 50% of school property taxes paid by seniors, 65 years and older.

This bill, S 91 ("Homestead School Property Tax Reimbursement Act"), provides a 50% reimbursement for the school portion of property taxes paid by eligible seniors. It directly affects New Jersey residents aged 65 or older who own or lease a primary residence (including single-family homes, condos, mobile homes in parks, or cooperative units) and meet income limits: $35,000 or less in the first year, $75,000 in the second year, and no limit thereafter. The reimbursement covers half of the school tax portion on qualifying homesteads, excluding interest or penalties. It does not apply to secondary residences or properties rented out. The bill is currently pending in the Senate Community and Urban Affairs Committee.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors (lower income) via 50% reimbursement of school property taxes, directly advancing fiscal support for vulnerable residents.95% confidence

Sub-Topics Property Tax

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in committee · New Jersey · Senate Jan 13, 2026

S 137: Increases income eligibility limit for homestead property tax reimbursement program.

This bill increases the income eligibility limit for New Jersey's homestead property tax reimbursement program. It raises the annual income cap from $80,000 to $160,000 for qualifying single or married homeowners (or renters) aged 65+ or disabled individuals. The change directly affects low-to-moderate income seniors and disabled residents who own or rent homes as their primary residence. This adjustment expands access to tax reimbursement by allowing higher-earning eligible residents to qualify under the program.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax reimbursement access for seniors/disabled by raising income cap, providing direct tax relief to low-to-moderate income residents per bill summary.95% confidence ✓ HousingSupports HousingExpands tax reimbursement access for low-to-moderate income seniors/disabled residents, increasing affordable housing support by raising income cap from $80k to $160k.95% confidence

Sub-Topics Property Tax Property Taxes Renters

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in committee · New Jersey · Senate Jan 13, 2026

SCR 48: Proposes constitutional amendment authorizing municipalities to provide partial property tax exemption to certain first responders disabled as result of World Trade Center recovery medical condition.

This bill proposes a constitutional amendment allowing New Jersey municipalities to offer a 15% property tax reduction on the primary residence of eligible 9/11 first responders. It directly affects police officers, firefighters, and EMTs disabled by medical conditions linked to their work at the World Trade Center site after the 2001 attacks. The exemption would apply only to the first 15% of a home's assessed value, require federal certification of the disability, and would not be reimbursed by the state. Municipalities would need to pass local ordinances to implement this tax break, but the state would not cover lost revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 15% property tax exemption for eligible 9/11 first responders, reducing tax burden as tax relief for public safety personnel.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New Jersey · Senate Jan 13, 2026

S 1459: Allows property tax rebate for disabled veterans.

S 1459 would provide a property tax rebate to disabled veterans in New Jersey who own or occupy a primary residence as their main home. The bill defines eligibility to include veterans living in various housing types like condominiums, cooperatives, or manufactured homes, as long as they meet the state's "homestead" criteria for primary residence. This rebate would reduce the property tax burden for qualifying veterans on their eligible home. The bill is currently pending in the Senate Military and Veterans' Affairs Committee.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax rebate for disabled veterans, reducing their tax burden - tax relief for a specific group aligning with support indicators.95% confidence ✓ VeteransSupports VeteransBill provides property tax rebate to disabled veterans owning primary residences, directly expanding financial benefits and reducing tax burden for veterans per bill's explicit language.95% confidence

Sub-Topics Property Tax

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