Makes total property tax exemption for 100% disabled veterans retroactive to effective date of determination of total disability; requires State to reimburse municipalities for reimbursement of property taxes paid to veteran.

Summary

The bill exempts from property tax the home and lot of any New Jersey resident who is a veteran declared 100 % permanently disabled by the VA, applying the exemption back to the date the disability was determined. It also extends the exemption to surviving spouses under certain conditions and requires the state to repay municipalities that have already refunded taxes to eligible veterans.

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