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New Jersey to More Than Double Property-Tax Relief to $2 Billion

June 15, 2022, 5:12 PM

New Jersey will expand its planned property-tax relief program, providing more than $2 billion to more than 2 million households, Governor Phil Murphy said.

Residents with income of as much as $250,000 will be eligible, Murphy said Wednesday at a press conference in South Brunswick, New Jersey. Homeowners will get as much as $1,500, while renters will get as much as $450, he said.

Phil Murphy
Photographer: Eva Marie Uzcategui/Bloomberg

Murphy was joined at the press conference by the leaders of the state Assembly and Senate. Democrats control the governor’s office and both legislative houses. The governor and lawmakers have been negotiating how to ...