Property Ownership
The NJ Senior Freeze (Property Tax Reimbursement) program benefits eligible senior homeowners by:
AEliminating all property taxes
BReimbursing eligible seniors for property tax increases above the base year amount✓ Correct
CProviding a fixed dollar reduction in assessed value
DTransferring property taxes to the state
Explanation
NJ's Senior Freeze program reimburses eligible senior citizens (age 65+) and disabled persons for increases in property taxes or mobile home park site fees over their base year amount.
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