Official Site of The State of New Jersey

P.L.2024, c.88 - The purpose of the task force shall be to develop recommendations for establishing and funding uniform property tax relief to all senior citizen homeowners and tenants making under $500,000 per year. The task force shall review all of the existing property tax relief programs and present, to the Governor and the Legislature, no later than May 30, 2024, a report containing recommendations about how to restructure, and consolidate, the various property tax relief programs into one, streamlined, property tax relief program that would deliver to senior citizens having an annual gross income under $500,000 an annual property tax benefit, which for homeowners shall be in the amount of 50 percent of the property tax bill on their principal residence, beginning with the tax year 2026, which commences on January 1 of that year.

List of current Task Force members:

• Dennis Zeveloff,
  Chairperson of the Board, Governor's Office, Chief Policy Advisor
• Aaron Binder,
  Department of the Treasury, Deputy State Treasurer, Cabinet designee
• Dr. Christopher Wheeler,
  Department of Community Affairs, Chief Data Officer, Cabinet designee
• Jessica Cohen,
  Public Member
• Honorable Adrian O. Mapp,
  Mayor of Plainfield NJ, Public Member
• Honorable John E. McCormac,
  Mayor of Woodbridge Township NJ, Public Member

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• David Ridolfino,
  Executive Director, Stay NJ Task Force