Did you Know NJ Seniors Will Get Their Property Taxes Cut? [View all]

By 50% in some cases, and in others they can get a reduction of $6500. If you have an income of $500,000, you're not eligible and you have to pay full freight.

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New Jersey Governor Phil Murphy and Democratic Leaders in the state legislature have reached a compromise over a substantial property tax cut for seniors in New Jersey. The proposal would cut taxes in half for most people 65 years or older – up to a maximum of $6,500. The governor says the state would set aside funds for the next two years and enact the cut in 2025.

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Here's Governor Murphy discussing it:

https://www.wnyc.org/story/week-politics-governor-murphy-and-dem-leaders-agree-senior-tax-cut-new-jersey

5" audio.