Legislation sponsored by Senator Declan O’Scanlon that would allow senior citizens to continue to enjoy their “senior freeze” benefit if they downsize to a smaller home was advanced by the Senate Community and Urban Affairs Committee today.
“The Senior Freeze provides needed property tax relief for older homeowners, including many who are struggling to make ends meet on fixed incomes,” said O’Scanlon (R-13). “While the majority of senior citizens live in one- or two-person households, only a small percentage of them reap the savings provided by selling their family home and downsizing.
“This measure will ensure if an eligible homeowner does move to a smaller, more affordable home, it will not jeopardize their reimbursement,” O’Scanlon explained. Read the rest of this entry »Posted: February 13th, 2020 | Author: admin | Filed under: Declan O'Scanlon, Monmouth County News, New Jersey | Tags: Monmouth County News, New Jersey, NJ Property Taxes, Senator Declan O'Scanlon, Senior Freeze | 1 Comment »