06/16/2026
New Jersey lawmakers are considering expanded tax relief for renters as housing affordability challenges continue across the state.
Proposed legislation would increase the portion of rent that qualifies for the state's property tax deduction and create additional tax credits for renters who spend a significant share of their income on housing. Supporters say the changes could provide meaningful relief for working families facing rising rents.
As housing costs remain a top concern across New Jersey, affordable housing professionals will be watching these proposals closely.
Households must earn at least $40 an hour to afford two-bedroom apartment lease and other expenses, report finds