New Jersey Assembly Bill ACR110

New Jersey 2024-2025 Regular Session

• Introduced: 2/5/24
• Refer: 2/5/24

Caption

Proposes constitutional amendment authorizing municipalities to provide partial property tax exemption of up to 15 percent of assessed value for primary residence of certain volunteer first responders.

Impact

Should ACR110 be passed and subsequently approved by voters, it will require the New Jersey Legislature to enact a law facilitating this exemption by permitting municipalities to adopt corresponding ordinances. Each municipality would have the autonomy to choose whether to implement such an exemption and decide the specific percentage or terms, within the upper limit of 15 percent of the home's assessed value. This legislation could provide substantial monetary relief for volunteer first responders, enhancing their ability to maintain their primary residences while serving the community.

Summary

ACR110 proposes an amendment to the New Jersey Constitution that would allow municipalities to grant a partial property tax exemption of up to 15 percent on the assessed value of homes owned by certain volunteer first responders. Specifically, the exemption would apply to active members of volunteer fire departments or volunteer first aid and rescue squads, providing them with a financial benefit linked directly to their service to the community. The amendment aims to recognize and support the dedication of these volunteers, highlighting their roles in ensuring public safety.

Contention

While supporters of ACR110 advocate for the acknowledgment of the contributions made by volunteer responders, some concerns may arise regarding the implications for municipal budgets and property tax revenues. Opponents may argue that allowing municipalities discretion in offering tax exemptions could lead to disparities in how different communities support their volunteers, potentially creating inequities. Considerations on how this amendment might affect funding for essential services due to reduced tax revenues are critical points for discussion during the legislative process.