New Jersey A272 doubles income eligibility limits for the homestead property tax reimbursement program.

New Jersey A272 increases the income eligibility limits for the homestead property tax reimbursement program, also known as the senior and disabled citizens' property tax freeze program. Beginning in tax year 2017, the income eligibility limits will increase from $80,000 to $160,000 for both single claimants and married couples. This change aims to allow more citizens to benefit from the program, which protects qualified participants from property tax increases on their homestead after establishing their "base year" liability for the tax.

New Jersey A272 doubles income eligibility limits for the homestead property tax reimbursement program.

New Jersey A272 increases the income eligibility limits for the homestead property tax reimbursement program, also known as the senior and disabled citizens' property tax freeze program. Beginning in tax year 2017, the income eligibility limits will increase from $80,000 to $160,000 for both single claimants and married couples. This change aims to allow more citizens to benefit from the program, which protects qualified participants from property tax increases on their homestead after establishing their "base year" liability for the tax.