Bill > A935

Introduced Session

This bill establishes a 15-member "Property Tax Study Commission" in, but not of, the Department of the Treasury. The commission is charged with examining the property tax system in New Jersey and identifying ways in which the system can be improved in order to reduce the property tax burden on New Jersey residents. The commission may examine the functions, duties, and operations of local government, review current laws regarding the imposition, assessment, and collection of property taxes. The commission may also examine current property tax exemptions and deductions and other benefits that reduce or offset a taxpayer's property tax liability. The bill directs the commission to recommend amendments to the New Jersey Constitution and revisions to the statutes, which recommendations would eliminate current eliminate inequities in the current system of property taxation, ensure greater uniformity in the application of property taxes, reduce property taxes as an overall share of public revenue, provide alternatives which lessen the dependence of local government on property taxes, and provide alternative means, including possible increases in other taxes, of funding local government services. The commission membership includes the Commissioner of Community Affairs, Commissioner of Education, State Treasurer, one member of the Governor's staff (appointed by the Governor), four members of the Legislature (the Majority and Minority Leaders of the Senate and General Assembly), and seven public members (four appointed by the Legislative leadership and three appointed by the Governor). The bill directs the Governor to appoint one public member from the northern, central, and southern regions of the State. The bill requires the commission to issue an interim report no later than nine months following its organization and a final report no later than 12 months following its organization. The bill also directs the commission to meet at least once per year for five years following the issuance of its final report to receive updates regarding the implementation of the recommendations in its final report and such other recommendations as it may provide from time to time. The bill requires the commission to issue an annual report. The bill directs all reports to be issued to the Governor and the Legislature and to be available to the public through the Department of the Treasury's Internet website. The bill provides that the commission would expire on the 60th day following the date of the public hearing held in the fifth year following the issuance of its final report.

AI Summary

Committee Categories

Andrea Katz (D)*,  Carol Murphy (D)*, 

Introduced, Referred to Assembly State and Local Government Committee (on 01/13/2026)

Official Document