Issue · Budget & Taxes

Budget & Taxes (Property Tax)

Every budget & taxes bill, vote, and legislator stance in New Jersey, automatically classified by Maddy, our AI policy reader.

Total bills
229
2026-2027 Regular Session
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Ranked legislators
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Showing 21–30 of 229 bills

All budget & taxes bills

in committee · New Jersey · General Assembly May 4, 2026

A 4811: Exempts certain water quality management structures, funded by certain federal and State grants, from real property taxation.

This bill exempts specific water quality management structures from real property taxes if they are funded by federal or state grants. It directly affects property owners who have installed these structures, such as those built with money from the USDA or the State Agriculture Development Committee, to improve water quality. To qualify, the enforcing agency in the local municipality must certify the structure, a process that includes inspections and the submission of written applications. The exemption reduces the taxable value of the property by the amount attributed to the structure, and the agency retains the power to revoke the status if the structure is misused, abandoned, or obtained through fraud.
in committee · New Jersey · General Assembly Mar 10, 2026

A 4649: Requires State reimbursement to municipalities of cost of disabled veterans' total property tax exemption; increases amount of State reimbursement to municipalities for amount of veterans' property tax deduction.

This bill requires the New Jersey State to reimburse municipalities for the costs associated with disabled veterans' total property tax exemptions and increases the reimbursement rate for veterans' property tax deductions. It mandates that tax assessors certify the number and total value of these exemptions to county boards annually, ensuring local governments receive state funding to offset the lost tax revenue. The legislation also updates administrative procedures for reporting and calculating these exemptions within the county taxation system. Directly affected parties include disabled veterans who benefit from property tax relief and local municipalities that receive financial compensation for providing these exemptions.
in committee · New Jersey · Senate Mar 19, 2026

SCR 129: Proposes constitutional amendment authorizing municipalities, by ordinance, to provide partial property tax exemption on primary residence of certain volunteer first responders.

This bill proposes a constitutional amendment that would allow New Jersey municipalities to offer partial property tax exemptions on the homes of volunteer first responders. The measure directly affects active members of volunteer fire departments, first aid squads, or rescue teams who serve their local communities. Under this proposal, eligible volunteers could receive a property tax exemption of up to 10 percent of their home's assessed value, with the specific amount determined by each municipality through local ordinances. The bill clarifies that the state would not be required to reimburse towns for the lost tax revenue from these exemptions.
in committee · New Jersey · General Assembly Mar 16, 2026

ACR 137: Proposes constitutional amendment to extend eligibility for veterans' property tax deduction and disabled veterans' property tax exemption to certain veterans released under other than honorable circumstances.

This bill proposes a constitutional amendment to New Jersey that would allow veterans released from military service under conditions other than honorable to qualify for state property tax deductions and exemptions. The change would expand eligibility for the $250 annual property tax deduction and the disabled veterans' property tax exemption to include veterans who were discharged under other than honorable circumstances, provided they meet other residency and service requirements. The amendment also includes provisions for surviving spouses of veterans and establishes how the deduction applies to residents of continuing care retirement communities. If passed, this change would modify the state constitution to broaden the definition of eligible veterans for tax benefits without altering the existing benefits for those with honorable discharges.
in committee · New Jersey · Senate Mar 12, 2026

SCR 114: Proposes constitutional amendment to allow lower property tax rate on improvements than on land.

This bill proposes a constitutional amendment to New Jersey that would allow municipalities to charge a lower property tax rate on buildings and other improvements compared to land. The change would enable local governments to set different tax rates for taxable land versus taxable improvements, with the Legislature determining which municipalities can participate and under what conditions. Participating communities could gradually phase in the new rates over several years and would retain the option to return to a single-rate system if needed. The amendment requires voter approval at a general election and would be implemented through new state laws that give municipalities flexibility in designing their local tax structures.
in committee · New Jersey · General Assembly Mar 10, 2026

A 4607: Allows gross income tax refunds to be credited against taxpayer's delinquent local property taxes.

This bill allows New Jersey taxpayers to have their state gross income tax refunds automatically applied to any overdue local property taxes they owe. It directly affects residents who receive tax refunds, earned income tax credits, or homestead rebates while having delinquent property tax accounts. The key mechanism requires the state to withhold these refunds and send the money to municipal tax collectors to pay off the debt, with child support obligations taking priority over other debts. Local tax collectors must identify delinquent taxpayers and report them to the state, which then notifies affected residents about the withheld amounts.
in committee · New Jersey · General Assembly Mar 19, 2026

A 4750: Appropriates funds to support increases in tax levy resulting from health care costs in certain school districts.

This bill appropriates up to $50 million from the Property Tax Relief Fund to help school districts in New Jersey offset tax levy increases caused by rising health care costs. It specifically targets qualifying districts where the adjusted tax levy for the 2026-2027 school year has increased by more than 9.9 percent compared to the 2024-2025 school year. The amount each district receives is calculated based on its proportionate share of the statewide increase in health care costs. The legislation takes effect immediately and aims to provide financial relief to districts facing steep tax hikes due to a 29.9 percent allowable adjustment for health care expenses.
in committee · New Jersey · General Assembly Mar 16, 2026

A 4690: Extends eligibility for veterans' property tax deduction and disabled veterans' property tax exemption to certain veterans released under other than honorable circumstances.

This bill expands property tax benefits in New Jersey to include veterans who were discharged under other than honorable circumstances, provided they have a service-connected disability. It amends existing laws to allow these veterans to qualify for property tax deductions and exemptions that were previously limited to those with honorable discharges. The key provision removes the requirement for an honorable discharge status while maintaining the disability requirements, ensuring that veterans with qualifying injuries can access financial relief on their primary residences. The legislation also extends these benefits to surviving spouses of eligible veterans who died while serving.
in committee · New Jersey · General Assembly Mar 10, 2026

ACR 129: Proposes constitutional amendment to increase amount of veterans' property tax deduction from $250 to $2,500 over four years.

This bill proposes amending the New Jersey Constitution to increase the property tax deduction for veterans from $250 to $2,500 over a four-year period. The increase would occur in annual steps, reaching the full $2,500 amount by tax year 2029, and would apply to honorably discharged veterans and their surviving spouses. The amendment also clarifies how the deduction works for veterans living in continuing care retirement communities, ensuring they receive the benefit through a payment or credit from the facility. If approved by the legislature and voters, the change would become permanent and cannot be altered or repealed.
in committee · New Jersey · Senate Mar 12, 2026

SR 86: Urges President and Congress of United States to enact federal legislation providing proportional property tax relief for honorably discharged veterans having a service-connected permanent disability.

This Senate resolution urges the President and Congress to create federal property tax relief for honorably discharged veterans with service-connected permanent disabilities. The proposed legislation would provide annual tax benefits based on a percentage of property taxes, determined by the veteran's disability rating from the Department of Veterans Affairs. Eligibility would be limited to veterans with annual incomes up to $200,000 and would apply only to their principal residences. The resolution does not change any laws but serves as a formal request for federal action to address property tax burdens faced by disabled veterans across the country.
Showing 21 to 30 of 229 bills
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