New Jersey A273 requires state reimbursement to municipalities for the cost of disabled veterans' total property tax exemption.
New Jersey A273 mandates that the State reimburse municipalities for the cost of disabled veterans' total property tax exemption. This includes covering the actual taxes exempted and the administrative costs incurred by municipalities. The bill requires the State to annually reimburse each taxing district in an amount equal to 102 percent of the amount of any disabled veterans' total property tax exemptions permitted by that taxing district.
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