Loading chat...
NJ A975
Bill
Status
1/9/2024
Primary Sponsor
Nancy Munoz
Click for details
AI Summary
-
Allows an eligible claimant for New Jersey's homestead property tax reimbursement to receive the full reimbursement amount when they pay the entire property tax bill, even if they only hold partial ownership of the property
-
Applies when co-owners (such as ex-spouses) share title but one owner pays all property taxes without contribution from the other proportionate owners
-
Addresses situations where divorced individuals remain on title with an ex-spouse who no longer resides at the property and is therefore ineligible for the reimbursement
-
Amends P.L.1997, c.348 (C.54:4-8.72) governing homestead property tax reimbursements for properties held in joint tenancy or tenancy in common
-
Takes effect immediately upon enactment
Legislative Description
Permits eligible claimant who is proportionate owner paying entire property tax bill to collect entire homestead property tax reimbursement amount.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
1/9/2024