Calls for a special session of the New Jersey Legislature to address property tax relief and reform.
The bill mandates a special session of the New Jersey Legislature to focus exclusively on property tax relief and reform. The presiding officer and the minority leader of each house must present bills for consideration. The session aims to address the high property taxes in New Jersey, which are among the highest in the nation, and to devise ways to implement relief and reform. The current system of property taxation is seen as placing an enormous burden on residents, stifling the state's economy, and disproportionately affecting the elderly, the young, and low-income families.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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