Freezes property taxes on primary residences of homeowners 65 years of age and over.

ACR 63 proposes a constitutional amendment to freeze property taxes for New Jersey homeowners aged 65 or older who use their primary residence as their home. It would stabilize taxes at the amount paid in the year the owner turns 65 or acquires the home, requiring annual application to the local tax collector. The freeze applies only to the primary residence and continues for as long as the owner lives there, with surviving spouses who meet age requirements also eligible. This would not apply to second homes or new property purchases (except for disaster-rebuilt homes), and would require voter approval after legislative passage.