Proposes constitutional amendment to exempt $60,000 of assessment on primary residence owned by senior citizens from property taxation.

ACR 32 proposes a constitutional amendment to exempt the first $60,000 of assessed value on a senior citizen's primary residence from property taxation. This would directly affect New Jersey residents aged 65 or older who own their primary home. The amendment would change how property taxes are calculated by removing $60,000 from the taxable value of their home, lowering their annual tax bill. It requires voter approval after passing both legislative chambers, as it amends the state constitution. The exemption applies only to the primary residence of qualifying seniors.