Includes value of certain properties exempt from taxation in valuation used to calculate State school aid in SDA districts.

This bill changes how New Jersey calculates state school aid for SDA (formerly Abbott) school districts. It requires that the value of properties exempt from local property taxes (like those under the Long Term Tax Exemption Law) be included in the district's equalized property valuation when determining state aid. This means SDA districts located in municipalities with significant tax-exempt properties will have their local wealth measured more accurately, potentially adjusting the amount of state aid they receive.