Bills affecting Homeowner in New Jersey (2026 session)

Prohibits certain financial institutions from requiring certain disabled veterans to include anticipated property tax obligations as part of mortgage applications.

Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected permanent disability and proclaims that the State shall reimburse municipalities for cost of exemption.

Makes total property tax exemption for 100% disabled veterans retroactive to effective date of determination of total disability; requires State to reimburse municipalities for reimbursement of property taxes paid to veteran.

Allows property tax rebate for disabled veterans.

Increases distribution to municipalities from Energy Tax Receipts Property Tax Relief Fund over two years; prohibits anticipation of certain revenue in municipal budget; requires additional aid be subtracted from municipal property tax levy.

Increases distribution to municipalities from Energy Tax Receipts Property Tax Relief Fund over five years to restore municipal aid reductions; requires additional aid to be subtracted from municipal property tax levy.

Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected disability and proclaims that the State shall reimburse municipalities for cost of exemptions.

Increases amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments; increases property tax credit option for certain individuals.

"Homestead School Property Tax Reimbursement Act"; provides State reimbursement for 50% of school property taxes paid by seniors, 65 years and older.

Increases income eligibility limit for homestead property tax reimbursement program.

Prohibits imposition of builder's remedy in exclusionary zoning litigation.

Extends from October 31 to December 31 deadline to file combined application for ANCHOR, homestead property tax reimbursement, and Stay NJ property tax benefits.

Revises Energy Tax Receipts Property Tax Relief Aid program; requires all energy taxes to be paid directly to municipalities.

Establishes mortgage payment relief and foreclosure protection for certain homeowners impacted by the remnants of Hurricane Ida.

Lowers age of eligibility for surviving spouse under homestead property tax reimbursement program from 65 to 62 years of age.

Modifies Stay NJ property tax credit program eligibility criteria to include certain claimants who relocate from homestead during tax year.

Increases annual income limit for eligibility to receive homestead property tax reimbursement.

Requires application for homestead property tax reimbursement to be filed with NJ gross income tax return.

Increases amounts of property tax deductions for senior citizens and persons with disabilities, and veterans, from $250 to $500.

Extends payment of homestead property tax reimbursement to non-eligible surviving spouse for portion of tax year during which deceased spouse lived.