TRENTON, NJ — A newly introduced bill seeks to provide property tax relief for disabled veterans in New Jersey by offering a rebate based on their level of service-connected disability, legislators announced.
Sponsored by Senators Joseph P. Cryan (D-20) and Nilsa I. Cruz-Perez (D-5), along with several co-sponsors, Senate Bill 3084 would allow veterans with a disability rating below 100% to receive a rebate proportional to their disability percentage. Veterans with a 100% permanent disability rating are already exempt from paying property taxes.
Eligible veterans must be New Jersey residents, have been honorably discharged, and have a service-connected disability recognized by the U.S. Department of Veterans Affairs. The maximum rebate is capped at $5,000, and veterans with an annual gross income exceeding $200,000 would not qualify.
The funding for the rebate depends on annual appropriations by the Legislature. If enacted, veterans living in rental properties or mobile homes would also be eligible, with a portion of their rent or site fees considered as property tax payments.
The bill now awaits further legislative review.
Key Points:
- Bill S-3084 proposes a property tax rebate for disabled veterans, proportional to their disability rating.
- The rebate is capped at $5,000 and limited to veterans earning less than $200,000 annually.
- The proposal includes veterans in rental properties and mobile homes, considering a portion of rent as property tax.