David Wolfe voted Yea (Passage) on this Legislation.
Title: Property Tax Relief and Appropriations
Signed by Governor Jon Corzine
Title: Property Tax Relief and Appropriations
A vote to pass a bill that reduces property taxes for moderate and low income individuals and limits local tax increases to 4 percent.
- Limits any increase in the amount collected by property tax for school districts, counties, municipalities, fire districts, and solid waste collection districts to four percent (sec. 3a). - Allows for adjustments by written request based on changes in expenditures, which must be passed by 6o percent of the people in that area [sec. 11 (b)(1)]. - Allows the Commissioner of Education or the Local Finance Board to grant cap waivers for certain expenses instead of obtaining voter approval (sec. 3, 11). - Changes the current homestead rebate act to give homeowners either rebate or credit, depending on income [sec. 23(3a)]:
Title: Property Tax Relief and Appropriations
A vote to pass a bill that reduces property taxes for moderate and low income individuals and limits local tax increases to 4 percent.
- Limits any increase in the amount collected by property tax for school districts, counties, municipalities, fire districts, and solid waste collection districts to four percent (sec. 3a). - Allows for adjustments by written request based on changes in expenditures, which must be passed by 6o percent of the people in that area [sec. 11 (b)(1)]. - Allows the Commissioner of Education or the Local Finance Board to grant cap waivers for certain expenses instead of obtaining voter approval (sec. 3, 11). - Changes the current homestead rebate act to give homeowners either rebate or credit, depending on income [sec. 23(3a)]:
Title: Property Tax Relief and Appropriations