New Jersey 2022-2023 Regular Session

New Jersey Assembly Bill A254

Introduced
1/11/22  

Caption

Permits eligible claimant who is proportionate owner paying entire property tax bill to collect entire homestead property tax reimbursement amount.

Impact

The proposed changes will have significant implications for property owners in New Jersey by simplifying the process for claiming homestead property tax reimbursements. Previously, eligible claimants were limited to receiving reimbursement based on their proportional share of the property taxes paid. By allowing an individual who pays the entire tax amount to claim the full reimbursement, this bill supports financially stressed homeowners who may be solely responsible for tax payments due to personal circumstances like divorce, thereby easing their financial burden.

Summary

Bill A254, introduced in the New Jersey legislature, aims to amend the law concerning homestead property tax reimbursements. Specifically, it allows an eligible claimant—who is a proportionate owner of a residential property and pays the entire property tax bill—to receive the full homestead property tax reimbursement amount, regardless of the involvement of other non-occupying owners. This is crucial for circumstances such as divorce where one party may continue to bear the financial responsibility for the property taxes while an ex-spouse does not reside in the home.

Contention

There may be points of contention regarding how this bill affects shared ownership scenarios, particularly in cases where multiple owners contribute differently to property maintenance and expenses. Opponents may argue that this could lead to inequities among owners who do contribute but rely on the financial support of the paying owner. Additionally, this change may prompt discussions on the broader implications for tax equity and responsibility among owners within shared properties.

Companion Bills

No companion bills found.

Previously Filed As

NJ S3312

Modifies Stay NJ property tax credit program eligibility criteria to include certain claimants who relocate from homestead during tax year.

NJ A4644

Modifies Stay NJ property tax credit program eligibility criteria to include certain claimants who relocate from homestead during tax year.

NJ S137

Increases income eligibility limit for homestead property tax reimbursement program.

NJ A272

Increases income eligibility limit for homestead property tax reimbursement program.

NJ A4117

Lowers age of eligibility for surviving spouse under homestead property tax reimbursement program.

NJ A271

Increases annual income limit for eligibility to receive homestead property tax reimbursement.

NJ S136

Increases annual income limit for eligibility to receive homestead property tax reimbursement.

NJ A270

"Homestead School Property Tax Reimbursement Act"; provides State reimbursement for 50% of school property taxes paid by seniors, 65 years and older.

NJ S91

"Homestead School Property Tax Reimbursement Act"; provides State reimbursement for 50% of school property taxes paid by seniors, 65 years and older.

NJ S1864

Lowers age of eligibility for surviving spouse under homestead property tax reimbursement program.

Similar Bills

NJ S2118

Revises criteria to establish base year for homestead property tax reimbursement after relocation.

NJ A4674

Revises criteria to establish base year for homestead property tax reimbursement after relocation.

NJ S91

"Homestead School Property Tax Reimbursement Act"; provides State reimbursement for 50% of school property taxes paid by seniors, 65 years and older.

NJ A270

"Homestead School Property Tax Reimbursement Act"; provides State reimbursement for 50% of school property taxes paid by seniors, 65 years and older.

NJ A1124

Requires application for homestead property tax reimbursement to be filed with NJ gross income tax return.

NJ S4097

Lowers age of eligibility for surviving spouse under homestead property tax reimbursement program from 65 to 62 years of age.

NJ A4475

Lowers age of eligibility for surviving spouse under homestead property tax reimbursement program from 65 to 62 years of age.

NJ S210

Converts senior freeze reimbursement into credit applied directly to property tax bills.