Loading chat...
NJ S3326
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Shirley Turner
Click for details
AI Summary
- State-owned property, including property of State agencies and authorities, would become subject to local property taxation beginning July 1, 2026
- Property owned by counties, school districts, and other local government units would retain their tax-exempt status
- State property may remain tax-exempt only if an official certifies that taxation would impair bondholder rights under covenants made before July 1, 2026
- Delinquent property tax liens against State property would be enforced the same way as liens against private property
- The State is prohibited from reducing municipal formula aid to offset new property tax liabilities, except for properties previously receiving State payments in lieu of taxes
Legislative Description
Subjects most State property to local property taxation beginning on July 1, 2026.
Community and Urban Affairs
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
2/5/2026
Committee Referrals
Community and Urban Affairs2/5/2026
Full Bill Text
No bill text available