New Jersey proposes a constitutional amendment to increase the veterans' property tax deduction from $250 to $2,500 over four years.

This constitutional amendment proposes to increase the annual property tax deduction for qualified veterans and their surviving spouses in New Jersey. The current deduction amount is $250. The amendment would incrementally raise this amount to $1,000 in 2026, $1,500 in 2027, $2,000 in 2028, and $2,500 in 2029, maintaining this higher rate thereafter. The amendment would also extend the deduction to the surviving spouses of veterans who died on active duty or from service-connected disabilities.

New Jersey proposes a constitutional amendment to increase the veterans' property tax deduction from $250 to $2,500 over four years.

This constitutional amendment proposes to increase the annual property tax deduction for qualified veterans and their surviving spouses in New Jersey. The current deduction amount is $250. The amendment would incrementally raise this amount to $1,000 in 2026, $1,500 in 2027, $2,000 in 2028, and $2,500 in 2029, maintaining this higher rate thereafter. The amendment would also extend the deduction to the surviving spouses of veterans who died on active duty or from service-connected disabilities.