Bill > A3397

Introduced Session

This bill requires county governments, school districts, fire districts and other taxing districts to share in the burden of paying for property tax refunds. Under current law, only the county shares in this burden with municipalities through the county tax equalization process. The bill requires the municipal tax collector to send a notice of the pro rata share of the property tax appeal refunds paid by the municipality during the tax year to the county, school districts and fire districts for inclusion into their annual budgets. In the year following the tax year in which the refunds were paid, the municipal tax collector is then required to deduct the applicable pro rata share of the property tax refunds from the amounts to be paid to the county and each school district and fire district as required by N.J.S.40A:14-79, R.S.54:4-74 and R.S.54:4-75.

AI Summary

Committee Categories

Jay Webber (R)*, 

Introduced, Referred to Assembly State and Local Government Committee (on 02/01/2024)

Official Document