S 3543
Increases annual property tax deduction for senior citizens and disabled persons from $250 to $500.
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- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill increases the annual property tax deduction available to senior citizens (age 65 or older) and disabled individuals in New Jersey. Currently, the deduction is capped at $300.00 in tax year 2027, increasing to $500.00 in subsequent tax years. To qualify, individuals must meet income limitations and own or reside in a qualified dwelling.
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