Bill > A144

This bill amends the Highlands Property Tax Stabilization Program to ensure that property tax relief directly benefits property taxpayers in qualified municipalities within the Highlands region. It changes how the stabilization aid is distributed by requiring that a tax credit rate, calculated based on the total aid available and the total taxable value of all property, be applied to each taxable line item on a property tax bill. This credit will be the product of the tax credit rate multiplied by the taxable value of each line item, and this amount will be deducted from the total taxes due on that line item before any other deductions. The bill also mandates that the tax credit rate and the amount of the Highlands Property Tax Stabilization Credit be clearly displayed on the tax bill for transparency.

Agriculture and Natural Resources

https://www.njleg.state.nj.us/bill-search/2026/A144