Business Report: Proposed property-tax relief
Clip: 05/12/2022 | 3m 1s | Video has closed captioning.
On Thursday, Gov. Phil Murphy said he wants to see the timeline accelerated for his proposed property-tax relief program known as Anchor, which is included in his budget for the new fiscal year. Eligible homeowners would receive an average rebate of $700, while renters would receive up to $250. The average household rebate would rise to over $1,100 by fiscal year 2025.
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