Allocates nondedicated portion of State realty transfer fee collections to municipal property tax relief.

This bill (A 830) redirects the "nondedicated General Fund portion" of New Jersey's realty transfer fees - paid when property is bought or sold - to provide direct property tax relief for municipalities. Currently, these fees (collected at rates based on property value) contribute to the state's General Fund, but this bill would require that specific portion to instead fund local tax reductions. The key mechanism amends existing laws (P.L.1968, c.49; P.L.2004, c.66; P.L.1992, c.148) to change the allocation of these fees. It directly affects municipalities, which would receive these funds to lower property taxes for residents, and property owners who pay the transfer fees.