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Stay NJ Property Tax Credit Program

About the Stay NJ Property Tax Credit Program

Governor Phil Murphy signed the Stay NJ Act (P.L. 2023, CH. 75) into law in July of 2023, authorizing the creation of the Stay NJ Task Force. The Task Force is charged with putting forth recommendations on how to implement the new Stay NJ property tax relief program, restructure and consolidate the various current property tax relief programs, and identify what investments are necessary to implement the recommendations.

The Board held its first meeting in December of 2023 with a goal of completing the final report in May of 2024.

For your reference, the statute authorizing the program can be viewed online.

The public is invited to share thoughts and ideas for the Stay NJ Task Force to consider in its development of recommendations for establishing and funding uniform property tax relief.

Grow Savings
Role of the Stay NJ Task Force

P.L. 2023, CHAPTER 75, Section 18 - The purpose of the task force shall be to develop recommendations for establishing and funding uniform property tax relief to all senior citizen homeowners and tenants making under $500,000 per year. The task force shall review all of the existing property tax relief programs and present, to the Governor and the Legislature, no later than May 30, 2024, a report containing recommendations about how to restructure, and consolidate, the various property tax relief programs into one, streamlined, property tax relief program that would deliver to senior citizens having an annual gross income under $500,000 an annual property tax benefit, which for homeowners shall be in the amount of 50 percent of the property tax bill on their principal residence, beginning with the tax year 2026, which commences on January 1 of that year.

Meeting Notices

The next meeting is May 28, 2024 at 5:00 PM.

Join Here to Attend

Date Title
Document Type
May 2024 Board Package 2
May 2024 Board Package
Apr 2024 Meeting Minutes 2
Apr 2024 Board Package 2
Apr 2024 Meeting Minutes
Apr 2024 Board Package
Mar 2024 Meeting Minutes
Mar 2024 Board Package
Feb 2024 Meeting Minutes
Feb 2024 Board Package
Dec 2023 Meeting Minutes
Dec 2023 Board Package
Task Force Members

List of current Task Force members:

  • Dennis Zeveloff,
    Chairperson of the Board, Governor's Office, Chief Policy Advisor
  • Aaron Binder,
    Department of the Treasury, Deputy State Treasurer, Cabinet designee
  • Dr. Christopher Wheeler,
    Department of Community Affairs, Chief Data Officer, Cabinet designee
  • Jessica Cohen,
    Public Member
  • Honorable Adrian O. Mapp,
    Mayor of Plainfield NJ, Public Member
  • Honorable John E. McCormac,
    Mayor of Woodbridge Township NJ, Public Member

  • David Ridolfino,
    Executive Director, Stay NJ Task Force

Last Updated: Wednesday, 05/22/24