Bill
Bill > ACR84
NJ ACR84
NJ ACR84Proposes constitutional amendment granting property assessment reductions for certain improvements to dwelling houses to provide living quarters for senior citizen relatives.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This proposed constitutional amendment requires tax assessors to provide for a reduction in the assessed value of a homestead property to the extent of any increase in the assessed value of that property that results from the construction or reconstruction of the property for the purpose of providing senior living quarters for one or more natural or adoptive parents, grandparents, aunts, or uncles of the owner of the property or of the owner's spouse, provided at least one of the parents, grandparents, aunts, or uncles for whom the senior living quarters are provided is 62 years of age or older. Such a reduction may not exceed the lesser of either the increase in assessed value resulting from construction or reconstruction of the property or twenty percent of the total assessed value of the property as improved. This reduction shall be applicable to construction or reconstruction completed in or after the first full tax year occurring after approval of this paragraph by the voters of this State and shall continue through the tax year of the death or relocation of each of the parents, grandparents, aunts, or uncles for whom the senior living quarters are provided.
AI Summary
This concurrent resolution proposes a constitutional amendment to allow for property tax assessment reductions on homestead properties when improvements are made to provide living quarters for senior relatives, such as parents, grandparents, aunts, or uncles, who are at least 62 years old. The reduction in assessed value would be equal to the increase in value caused by the construction or reconstruction, but it would not exceed 20% of the property's total assessed value after the improvements. This tax break would apply to new construction or reconstruction completed after the amendment is approved by voters and would continue as long as the senior relative resides in the added living space, ending upon their death or relocation.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
Introduced, Referred to Assembly Aging and Human Services Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/ACR84 |
| BillText | https://pub.njleg.gov/Bills/2026/ACR/84_I1.HTM |
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