New Jersey A5190 mandates that property tax relief benefits be provided as credits on eligible claimants' property tax bills and requires tabulation.
New Jersey A5190 requires benefits under certain state property tax relief programs to be provided as credits on eligible claimants' property tax bills. These programs include the ANCHOR Property Tax Relief Program, the Homestead Property Tax Reimbursement Program (Senior Freeze), the Stay NJ Property Tax Credit Program, and the veterans and senior and disabled persons property tax deductions. The bill mandates that property tax bills include a brief tabulation showing the amount by which the taxpayer's bill was reduced due to credits or deductions received under these programs.
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