Bill
Bill > A4402
NJ A4402
NJ A4402Requires fire districts, school districts, and county governments to share in burden of property assessment appeal refunds.
summary
Introduced
02/19/2026
02/19/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
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
This bill requires county governments, school districts, and fire districts to share in the cost of property tax refunds issued by municipalities. Currently, only counties share this burden with municipalities. Under this new law, when a municipality issues property tax refunds, the municipal tax collector will calculate each county, school district, and fire district's proportional share of that refund. The tax collector will then notify these entities of their share so they can include it in their upcoming budgets. In the year following the refund, the municipal tax collector will deduct each entity's share from the payments the municipality owes them, as mandated by specific New Jersey statutes.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 02/19/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A4402 |
| BillText | https://pub.njleg.gov/Bills/2026/A4500/4402_I1.HTM |
Loading...