Makes total property tax exemption for 100% disabled veterans retroactive to effective date of determination of total disability; requires State to reimburse municipalities for reimbursement of property taxes paid to veteran.

This bill makes New Jersey's property tax exemption for veterans with a 100% service-connected disability retroactive to the date the U.S. Department of Veterans Affairs determined their total disability. It directly affects veterans who qualify under the law (e.g., those with paraplegia, blindness, or amputations) by requiring municipalities to refund property taxes paid since that determination date. The state must reimburse municipalities 102% of the refunded taxes to cover the cost of returning payments to veterans.