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Bill

S 1833

Eliminates Energy Tax Receipts Property Tax Relief Aid and Consolidated Municipal Property Tax Relief Aid; establishes Municipal Property Tax Relief Fund.

2026-2027 Regular Session

New Jersey bill consolidates two property tax relief programs into a single Municipal Property Tax Relief Fund, potentially reshaping aid distribution to municipalities.

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
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Bill Summary · S 1833

Legislative bill overview

S 1833 eliminates two existing state property tax relief programs (Energy Tax Receipts Property Tax Relief Aid and Consolidated Municipal Property Tax Relief Aid) and consolidates them into a new Municipal Property Tax Relief Fund. The bill restructures how New Jersey distributes state aid for local property tax relief rather than increasing or decreasing overall funding levels.

Why is this important

Property tax relief is a major issue in New Jersey, which has among the highest property tax burdens in the nation. How the state distributes aid to municipalities directly affects local tax rates and fiscal stability across different communities. This consolidation could shift resources between municipalities depending on the new fund's allocation formula.

Potential points of contention

  • Impact on individual municipalities: Consolidating two programs may benefit some towns while reducing aid to others, depending on how the new fund allocates money and which eligibility criteria change
  • Program transition and stability: Eliminating existing programs creates uncertainty about whether all previously eligible municipalities retain coverage and at what funding levels
  • Formula methodology: The bill doesn't specify how the new Municipal Property Tax Relief Fund will distribute money—a critical detail that determines winners and losers among New Jersey's 565 municipalities

Compiled from official sources — confirm details with the bill’s official record.

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