Real Estate

Houghtaling, Downey, Mukherji & Holley Legislation to Make Sure Taxpayers are Aware of Property Tax Relief Programs Advances

TRENTON, NJ – Legislation sponsored by Assembly Democrats Eric Houghtaling, Joann Downey, Raj Mukherji, and Jamel Holley to help ensure that New Jersey taxpayers are well aware of the property tax relief programs available to them was approved by an Assembly panel on Monday.

“It’s no secret that New Jersey has one of the highest property tax rates in the country,” said Houghtaling (D-Monmouth).  “But what may be a secret to many is that there are a number of tax relief programs that they might be eligible for.  This bill will ensure that taxpayers are aware of the relief that is available.”

Specifically, the bill (A-1048) would require each tax bill to include a statement noting that a listing of the various state property tax relief programs and their eligibility requirements is available on the website of the Division of Taxation in the Department of Treasury.  The tax bill shall also include links to the websites of the Department of Community Affairs and the Division of Taxation containing this information.  

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“Through no further cost to the state or local governments, this simple change can help ensure that residents, particularly seniors, are well-informed of the tax relief programs that might go a long way towards offsetting the property tax burden,” said Downey (D-Monmouth).

Current state statute already requires that certain information be included with tax bills, such as a brief tabulation showing the distribution of the amount raised by taxation, along with links to information on the website of the Department of Community Affairs.

“These tax relief programs were designed to help put more money in the pockets of the average resident,” said Mukherji (D-Hudson).  “Seniors, especially, might not be aware that they even exist so we want to ensure that they’re taking advantage of every program available to them to offset the cost of living.”

“This bill is informative and beneficial to New Jersey residents,” said Holley (D-Union). “This legislation will help people understand what tax relief programs are available by making the information more accessible by simply including it on existing forms, which will be of no additional cost to municipalities and will ultimately save time, stress, and money for our residents.”

The measure cleared the Assembly State and Local Government Committee on Monday and now awaits further consideration from the Assembly.

 

 

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