Requires taxation as real property of improvements on publicly owned real property used for purpose and protection of public water supply.

This bill (A 3216) changes New Jersey tax law to require municipalities to tax improvements like buildings, dams, and other structures on publicly owned land used for public water supply protection. Currently, the land itself is taxed, but improvements on public water supply property are exempt - unlike similar improvements on privately owned water supply land. The bill aligns public and private treatment by making these improvements subject to local property taxation in the same way as on private land. This change aims to provide municipalities with additional tax revenue from public water infrastructure, as stated in the bill’s purpose.