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28 Οκτ 2024 · The bill would also close a loophole in the original legislation that could have caused awards under Stay NJ in one year to reduce awards in the next by basing Stay NJ’s tax credits on property taxes billed instead of property taxes paid. Awards under Stay NJ for the 2026 calendar year will be halved — to a maximum of $3,250 — because of ...
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30 Ιουν 2023 · Gov. Phil Murphy signed the bill Friday evening. The cap on awards will index with property tax bills, and the program is expected to cost $1.3 billion when payouts go out in the first quarter of 2026.
28 Ιουν 2024 · New Jersey leaders are poised to enact a record new $56.6 billion state budget for the fiscal year that begins Monday. After another rushed budget process, the spending plan is expected to pass...
1 ημέρα πριν · In all, the current state budget earmarks more than $3 billion for direct property-tax relief to help offset average local property-tax bills that last year rose to a record high $9,803. More than $2 billion was set aside to fund Anchor property-tax relief benefits for eligible homeowners and renters, and another nearly $200 million was ...
28 Οκτ 2024 · Stay NJ, in conjunction with ANCHOR and Senior Freeze, is designed to cut property taxes by up to 50%, capped at $6,500, for senior citizens in New Jersey who earn less than $500,000 a year ...
8 Οκτ 2024 · A key legislative panel voted unanimously for a plan to boost state-funded property-tax relief for many senior homeowners in New Jersey, despite lingering questions about the fairness of the proposal and its expected price tag.