N.J. seniors will get big property tax breaks, top Dems vow. What you need to know.

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The proposal is designed to cut property taxes up to half for senior homeowners in New Jersey.

How much you get would depend on the size of your tax bill. Whether you qualify would depend on your income. You’d also have to wait a few years before it fully takes effect. And not everyone is happy about the details. Plus, it’s unclear exactly how — or even if — this would be funded.

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