The Housing Market in LBI is giving sellers the upper hand. LBI families and citizens across the country, 2020, will undoubtedly be one to remember, with new realities and norms that changed the
Disabled Veteran Tax Exemption Expanded Vote
The New Jersey state Senate recently passed legislation sponsored by Assemblyman Brian E. Rumpf, Assembly 9th District's Senator Chris J. Connors and Assemblywomen DiAnne C. Gove. The bill will extend the current disabled veterans tax exemption to include their surviving spouses and disabled veteran shareholders that reside in a mutual housing corporation or a cooperative. A discrepancy exists whereby disabled veterans do not receive the veteran's property tax exemption in cooperative or mutual housingcorporations. Currently under state law, a disabled veteran's permanent residence must be a one family, condominium, or multi-family home in order to receive the exemption. We all hope that this vote in the Assembly will lead to action that all disabled veterans living in State of New Jersey will not be excluded from receiving property tax relief that they justly deserve based on their sacrifice to our country.