New Jersey S91 provides a 50% reimbursement of school property taxes for seniors aged 65 and older.
New Jersey S91, the "Homestead School Property Tax Reimbursement Act," offers state reimbursement for 50% of school property taxes paid by seniors aged 65 and older. The reimbursement is phased in over three years, starting with an income limit of $35,000 in the first year, increasing to $75,000 in the second year, and with no income limit in the third year and beyond. The Director of the Division of Taxation in the Department of the Treasury administers the program, including the issuance of rules, regulations, and application forms.
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- Core Provisions
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- Legal Framework
- Critical Issues
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