A 144
Provides for direct property tax relief from Highlands Property Tax Stabilization Fund.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to provide direct property tax relief to residents in municipalities within the Highlands region of New Jersey through the Highlands Property Tax Stabilization Fund. It modifies the existing fund to allocate resources specifically to reduce property taxes for qualified municipalities impacted by the Highlands Water Protection and Planning Act. The bill establishes a board to determine valuation bases and distribute aid, and it adjusts the distribution formula to reflect changes in vacant land values. The program is intended to provide ongoing property tax stabilization aid.
Sponsors
Official sponsors from legislative records.
Primary sponsors
Michael Inganamort
Cosponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.