New Jersey A637 provides property tax exemptions for honorably discharged veterans with service-connected disabilities and their surviving spouses.

New Jersey A637 amends existing law to provide a proportional property tax exemption for honorably discharged veterans with a service-connected disability, up to a cap of $10,000. The exemption is based on the percentage of disability, with those deemed unemployable due to their disability receiving a 100 percent exemption. The bill also extends the exemption to surviving spouses of deceased veterans who would have qualified for the exemption. The State is mandated to reimburse municipalities for the cost of these exemptions, including administrative costs.

New Jersey A637 provides property tax exemptions for honorably discharged veterans with service-connected disabilities and their surviving spouses.

New Jersey A637 amends existing law to provide a proportional property tax exemption for honorably discharged veterans with a service-connected disability, up to a cap of $10,000. The exemption is based on the percentage of disability, with those deemed unemployable due to their disability receiving a 100 percent exemption. The bill also extends the exemption to surviving spouses of deceased veterans who would have qualified for the exemption. The State is mandated to reimburse municipalities for the cost of these exemptions, including administrative costs.