2Trenton, NJ – A new proposal in the Assembly would extend proportional property tax exemptions to honorably discharged veterans with service-connected disabilities starting at 10 percent.

The measure also requires the State to reimburse municipalities for the full cost of any exemption granted.

Lawmakers said the bill is designed to align property tax relief with federal disability ratings.

Under A2717, veterans would receive exemptions equal to their disability percentage, capped at $10,000 for those below 100 percent.

Bill broadens eligibility standards

The proposal removes older statutory references to specific medical conditions and instead bases eligibility solely on determinations made by the U.S. Department of Veterans Affairs.

Veterans deemed unemployable because of service

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