S 3328
Eliminates property tax exempt status of certain school faculty housing.
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- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill proposes to eliminate the property tax exemption currently afforded to certain school faculty housing in New Jersey. Specifically, it would restrict the exemption to student dormitories, a maintenance supervisor’s residence, and a presidential residence, removing it for housing provided to faculty and other school employees. This change aims to ensure that educational institutions contribute to the property tax base that supports local government services.
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