Bill > A2698

Introduced Session

This bill would subject improvements, including buildings, dams, or other structures, located on land owned by counties, municipalities, and other municipal and public agencies of the State used for the purpose and for the protection of a public water supply, to taxation as real property by the municipality in which those improvements are located. The purpose of the bill is to provide property tax relief to municipalities in which publicly owned watershed land is located. Under current law, the land itself is subject to property taxation, but buildings or other improvements are not. However, improvements on privately owned watershed property are subject to property taxation. This bill would allow municipalities in which publicly owned watershed property is located to tax improvements thereon in the same manner as improvements on privately owned watershed land are taxed.

AI Summary

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Jay Webber (R)*,  Brian Bergen (R), 

Introduced, Referred to Assembly State and Local Government Committee (on 01/09/2024)

Official Document