TRENTON - Last week, the State Legislature unanimously approved legislation sponsored by Assembly Members Eric Houghtaling and Joann Downey that would expand the veterans’ property tax exemption program to include veterans living in continuing care retirement communities (CCRCs).
The resolution (S-1331) would extend the annual $250 deduction on property taxes to any qualified veterans who resides in a CCRC.
Currently, veterans must own their own home to be eligible for the program, which means that veterans can actually face higher tax rates after moving into a retirement community such as Seabrook Village in Tinton Falls. A companion resolution, SCR-110, must be approved by voters in November to formally enshrine the expanded tax relief within New Jersey’s constitution.
Houghtaling credited residents, local leaders, and the many veterans living in CCRCs for their consistent efforts to express their support for the expansion in Trenton and at home.
“Veterans from Seabrook Retirement Community in our district, including Ron Whalin and Tinton Falls Council President Gary Baldwin, have been tireless advocates for this legislation,” said Houghtaling (D-Neptune). Thanks to them, this legislation is well on its way to becoming the law of the land, making this program fairer and more accessible to hardworking retired servicemembers across New Jersey.”
“We’re proud to say that this measure was unanimously approved by both houses of the legislature, but we still have more work to do to inform voters of the importance of this tax relief program before they go to the polls this November,” said Downey (D-Freehold). “While this program can never fully match the incredible service of the men and women who have fought and sacrificed for our nation, it is a small but significant way to express our appreciation for their efforts.”