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Bill > SCR83
NJ SCR83
NJ SCR83Proposes constitutional amendment granting property assessment reductions for certain improvements to dwelling houses to provide living-quarters for senior citizen relatives.
summary
Introduced
02/05/2026
02/05/2026
In Committee
02/05/2026
02/05/2026
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 that would require tax assessors to reduce the property tax assessment for homes that have been improved to provide living quarters for senior relatives, such as parents, grandparents, aunts, or uncles, who are at least 62 years old. This reduction would be equal to the increase in the property's assessed value due to the construction or renovation, but it would not exceed 20% of the total assessed value of the improved property. This tax break would apply to improvements 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
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 02/05/2026)
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/SCR83 |
| BillText | https://pub.njleg.gov/Bills/2026/SCR/83_I1.HTM |
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