Bill > A3302

This bill amends existing law to allow siblings who equally co-own a primary residence as tenants in common to be considered "eligible claimants" for a homestead property tax reimbursement, even if only one sibling meets the age requirement (65 or older). The siblings, collectively, must still meet the combined annual income limitations and the required length of ownership and residency for the property. A homestead property tax reimbursement is a payment that helps offset property taxes paid on a primary residence, and this change aims to provide this benefit to sibling co-owners who previously might not have qualified.