Who would most benefit from plan to give N.J. seniors property tax cuts? We looked into it.

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NJ Advance Media conducted an analysis of the plan, which is adding tension to state budget negotations.

say a big goal is to entice those residents to stay, rather than skipping out and spending their golden years elsewhere, by making their life here more affordable.

But while the plan is designed to effectively slash property taxes in half each year for most homeowners 65 and older, the majority of older residents in the Garden State’s four largest cities would get relatively little help because they rent. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

 

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