New property tax relief for N.J. seniors is now law. But will full payments ever happen?
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Gov. Phil Murphy (center) speaks at the Statehouse in Trenton earlier this year. To his left is state Assembly Speaker Craig Coughlin and to his right is state Senate President Nick ScutariMichael Mancuso | NJ Advance Media for NJ.com
A program designed to give sweeping new property tax relief to New Jersey seniors became law Friday night as Gov. Phil Murphy signed the plan hours after the state Legislature overwhelmingly approved it — despite various concerns from critics on both sides of the aisle.
According to the law, eligible homeowners and renters 65 and older in the Garden State will get an immediate increase of $250 in the fiscal year that starts Saturday under an existing rebate program, to help offset the state’s sky-high property taxes.
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