Converts senior freeze reimbursement into credit applied directly to property tax bills.

This bill changes how New Jersey's senior property tax freeze benefit is delivered. It converts the current system - where qualifying seniors and disabled homeowners receive a separate refund check for property tax savings - into a direct credit applied to their annual property tax bill. The key mechanism eliminates the need for a separate reimbursement payment, instead reducing the amount owed on the tax bill itself. This directly affects eligible seniors (65+ or disabled persons) who own or rent a primary residence and meet income requirements (e.g., $60,000 or less annual income for single/married filers). The change would streamline the process but does not alter eligibility criteria or benefit amounts.