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Published 3 months ago

Senior citizen tax relief bill wins final approval — but fate still uncertain - New Jersey Monitor

Summary by Ground News

The program will offer New Jersey homeowners 65 and over tax credits worth up to half of their property tax bills. The program is expected to cost $1.3 billion when payouts go out in the first quarter of 2026. Republicans say the $500,000 income cap means the state will be steering aid to residents who need no help to pay property taxes.

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New Jersey Monitor

Senior citizen tax relief bill wins final approval — but fate still uncertain - New Jersey Monitor

Nearly every lawmaker voted for the StayNJ plan, which will start delivering property tax credits to seniors in 2026.

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