The state has a framework to boost property tax savings for seniors. But details still need to be hammered out, and it’s complicated. Canva illustration for NJ.com
New Jersey’s property tax breaks, including the popular Senior Freeze and ANCHOR benefits, could soon undergo dramatic changes as the state tries to keep its promise to further cut taxes for senior citizens under the Stay NJ law, according to recommendations released Thursday.
The long-awaited report comes from the Stay NJ Task Force, which was charged with figuring out how to implement the complicated and much-debated law in time for the 2026 payment deadline.
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