New Jersey 2026-2027 Regular Session

New Jersey Assembly Bill A272

Introduced

1/13/26

Refer

1/13/26

Increases income eligibility limit for homestead property tax reimbursement program.

Carry Over Increases income eligibility limit for homestead property tax reimbursement program.

Carry Over Increases income eligibility limit for homestead property tax reimbursement program.

Same As Increases income eligibility limit for homestead property tax reimbursement program.

Homestead Property Tax Benefits for Long-term Owners and Permanent Residents

Prohibits homestead property tax rebates and credits and ANCHOR property tax benefits from being paid to property owners who move out of State.

Assessment of Homestead Property

Revises criteria to establish base year for homestead property tax reimbursement after relocation.

Revises criteria to establish base year for homestead property tax reimbursement after relocation.

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

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

Local government finance.