Proposes constitutional amendment granting property assessment reductions for certain improvements to dwelling houses to provide living quarters for senior citizen relatives.

ACR 64 proposes a constitutional amendment that would allow New Jersey homeowners to receive property tax reductions when they add living space for qualifying senior relatives. The tax reduction would apply to construction or reconstruction costs that increase a home's assessed value, provided the space is used by a parent, grandparent, aunt, or uncle aged 62 or older. The reduction cannot exceed either the actual cost increase from the construction or 20% of the home's total assessed value. This amendment requires voter approval before taking effect and would expire upon the death or relocation of the last qualifying senior relative.