New Jersey A270 provides a 50% reimbursement for school property taxes for seniors aged 65 and older.

The "Homestead School Property Tax Reimbursement Act" offers a 50% reimbursement for school property taxes to eligible seniors in New Jersey. This reimbursement is funded by the Casino Revenue Fund. Eligibility is phased in over three years based on income limits: $35,000 or less for the first year, $75,000 for the second year, and no income limit for the third year and beyond. Surviving spouses aged 55 and older also qualify. The Director of the Division of Taxation administers the program, including issuing rules, regulations, and forms for applications.

New Jersey A270 provides a 50% reimbursement for school property taxes for seniors aged 65 and older.

The "Homestead School Property Tax Reimbursement Act" offers a 50% reimbursement for school property taxes to eligible seniors in New Jersey. This reimbursement is funded by the Casino Revenue Fund. Eligibility is phased in over three years based on income limits: $35,000 or less for the first year, $75,000 for the second year, and no income limit for the third year and beyond. Surviving spouses aged 55 and older also qualify. The Director of the Division of Taxation administers the program, including issuing rules, regulations, and forms for applications.