AARP believes that taxes should be based on the ability to pay and that property taxes ought to be affordable. Under the proposed state budget for New Jersey, there will be no homestead property tax rebates this year.
600,000 New Jersey residents will be affected and for many, the loss of the property tax rebate will be devastating. As Senate President Stephen Sweeney stated at AARP’s Day at the Capitol advocacy summit on May 20th, 48% of the older adults who receive a rebate check make under $10,000 per year. Once again, this is a case of the state’s most vulnerable citizens being forced into making impossible decisions such as whether to eat or pay for other necessities.
AARP supports legislation to restore the homestead property tax rebates. As this will be voted on by the New Jersey Legislature on or about June 10th, time is of the essence for all New Jerseyans to speak up on this vital issue.
The property tax rebate program is essential for older New Jerseyans, many of whom are already struggling to make ends meet. Our state legislators need to be urged immediately to support restoration of the homestead property tax rebates.
Kendall Park, NJ