New Jersey
Seniors to receive 50% property tax cut to stay in New Jersey
![Seniors to receive 50% property tax cut to stay in New Jersey Seniors to receive 50% property tax cut to stay in New Jersey](https://townsquare.media/site/385/files/2023/06/attachment-Untitled-design-2023-06-20T050955.819.jpg?w=1200&h=0&zc=1&s=0&a=t&q=89)
🏠 A deal is reached to cut senior property taxes 50%
🏠 The StayNJ plan will replace existing programs for NJ seniors
🏠 The benefits will not be paid right away
Gov. Phil Murphy and legislative leaders have come to agreement on a plan to cut property taxes for New Jersey seniors by up to 50%.
When the “StayNJ” initiative was first introduced by Assembly Speaker Craig Coughlin it was met with resistance by Murphy. The governor branded the plan as too costly and without income limits.
Those issues have been resolved, clearing the way for a proposal Coughlin hopes will allow more retiring New Jersey residents to remain in the Garden State.
Final details are still being worked out, but here is what we know so far.
The New Jersey Globe was the first to report on the deal.
How Much?
Eligible residents aged 65 and older would be receive a benefit up to a maximum of $6,500 per year, beginning in 2026. (The original proposal called for a maximum benefit of $10,000) The plan is touted as guaranteeing 50% off a senior’s property tax bill.
Who is Eligible?
The original plan called for every homeowner in NJ over the age of 65 to be eligible. The final deal places an income limit on the program of $500,000.
Is this in addition to existing programs?
No. Beginning in 2026 it would replace both the senior freeze program as well as the ANCHOR property tax rebate.
How will benefits be paid?
Unclear. Unlike the ANCHOR property tax rebate program, this benefit is likely to be paid to local municipalities, not directly to taxpayers. The local town would then apply the payment as credit to the property tax bill.
How much will renters get?
It appears renters will ultimately get a total of $700. That is up from the current $450 rebate.
Will the benefit go up?
It can. Under the deal’s framework, the maximum $6,500 benefit is indexed, meaning if taxes go up, the benefit will go up.
How much will this cost?
Initial estimates put the cost of the StayNJ program at $1.3 billion.
Report a correction 👈 | 👉 Contact our newsroom
![](https://newspub.live/wp-content/uploads/2022/03/np-logo.png)
New Jersey
‘Extremely unique’ NJ mansion that cost $27M to build heads to auction with a $10M reserve price
![‘Extremely unique’ NJ mansion that cost M to build heads to auction with a M reserve price ‘Extremely unique’ NJ mansion that cost M to build heads to auction with a M reserve price](https://nypost.com/wp-content/uploads/sites/2/2024/08/88361754.jpg?quality=75&strip=all&w=1024)
An enormous custom estate is now up for auction in southern New Jersey — and although it cost its creators some $27 million to build, the reserve price is just $10 million.
Located a 30-minute drive from Philadelphia, straddling the border of two townships — Moorestown and Cinnaminson — the approximately 40,000-square-foot compound is currently accepting bids through Oct. 9, the Wall Street Journal first reported.
The megamansion’s owners, the pharmacological entrepreneurs Calvin and Orsula Knowlton, decided to try the auction route after struggling to find a buyer through a traditional listing, the married couple told the Journal.
“It’s extremely unique, but it’s extremely unique in particular for this neighborhood and this particular marketplace,” added Misha Haghani of the auction company Paramount Realty USA, which is handling the sale in collaboration with Kevin Steiger of Kurfiss Sotheby’s International Realty. “It’s a home for which there are almost no comps.”
The Knowltons paid $640,000 for the 7-acre property in 2017. They initially, and simply, planned to restore and expand the early 1800s era farmhouse on the lot.
The farmhouse turned out to be moldy beyond repair, but demolition of it proved a bureaucratic nightmare involving both townships’ zoning and planning authorities.
Finally, in 2018, construction started on what ended up being a colossal and still not entirely finished homebuilding endeavor (the Knowltons eventually decided to stop working on the behemoth, as its next owner may have different preferences), according to the Journal.
As it stands, the four-story residence boasts amenities including a chapel, a home theater, a wine cellar, six fireplaces, a golf simulator and an English-style pub. There’s even what Calvin Knowlton called “the most giant reflecting pool I’ve ever seen,” a double-height foyer with dual curved staircases, a sprawling dining room, and a sauna-equipped gym that can be accessed by what the listing describes as “a unique tube elevator” in the primary suite’s bathroom.
The exterior was inspired by Philadelphia’s Second Empire-style city hall building.
Although the Knowltons moved into the manor back in 2022, they’ve been spending the majority of their time at their home on North Florida’s Amelia Island, and are selling as they anticipate continuing to mostly be there, they told the Journal.
New Jersey
Young woman killed by boat propeller near Harvey Cedars, New Jersey
![Young woman killed by boat propeller near Harvey Cedars, New Jersey Young woman killed by boat propeller near Harvey Cedars, New Jersey](https://assets3.cbsnewsstatic.com/hub/i/r/2024/08/27/c9114f2c-0bb0-4d6e-8d9e-916279126f17/thumbnail/1200x630/b4110bca8ff62e778705e72b8cac3644/brigantine-bad-beach-closed-drone-8-2-24tg-frame-4597.jpg?v=29ebd300d9a3cd24077d945a46991f72)
HARVEY CEDARS, N.J. (CBS) — A young woman died over the weekend after she was hit by a boat propeller off of Long Beach Island, New Jersey State Police said Monday.
According to the department, 18-year-old Zeina Mahafzah, of Wayne, New Jersey, was on a raft being pulled by a boat on Sunday, Aug. 25 when she was hit by the propeller as she tried to get back on the vessel.
NJ State Police said she suffered “fatal injuries” as a result of the impact, which happened just off Sunset Park in the Harvey Cedars Borough.
On Monday, the Harvey Cedars Police Department said on Facebook they were working with New Jersey State Police on the investigation, and asked people to “keep the family and community in your thoughts and prayers.”
The fatal incident remains under investigation, according to NJ State Police.
New Jersey
Bomb Threat Prompts Community Medical Center Evacuation In Toms River
![Bomb Threat Prompts Community Medical Center Evacuation In Toms River Bomb Threat Prompts Community Medical Center Evacuation In Toms River](https://patch.com/img/cdn20/users/22821257/20240826/074728/styles/patch_image/public/jersey-coast-community-bomb-scare___26194440603.jpg)
TOMS RIVER, NJ — A bomb threat led to the partial evacuation of Community Medical Center in Toms River on Monday night, authorities confirmed.
A device that was believed to be an explosive was determined to be fake by the New Jersey State Police bomb squad, the Ocean County Sheriff’s office said.
The bomb scare was located in the emergency room, and some patients were evacuated, according to multiple reports.
Find out what’s happening in Toms Riverwith free, real-time updates from Patch.
Vehicles from the Ocean County Sheriff’s Office and the Toms River Police Department were blocking entrances to the hospital during the investigation, according to photos published by Jersey Coast Emergency News.
Additional details were not immediately available.
Find out what’s happening in Toms Riverwith free, real-time updates from Patch.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
To request removal of your name from an arrest report, submit these required items to arrestreports@patch.com.
-
Minnesota1 week ago
Readers and writers: Plenty of thrills and danger in these Minnesota author’s mysteries
-
Technology5 days ago
Breakthrough robo-glove gives you superhuman grip
-
News1 week ago
Video: Biden Delivers Keynote on First Night of D.N.C.
-
World1 week ago
Nigeria police working to secure release of 20 kidnapped medical students
-
News1 week ago
Video: Protesters Clash With Police Near the Democratic National Convention
-
Politics1 week ago
Former teacher reveals which students suffered 'the most' under Walz's pandemic-era guidelines
-
Politics1 week ago
Dem strategists say Harris needs to ensure she's 'striking the right balance' at DNC, seize on 'momentum'
-
News7 days ago
Video: D.N.C. Holds Enthusiastic Roll Call to Nominate Harris