Guidelines, Opinions, Advisories and FAQs

These guidelines explain the implementation of property tax exemptions available under the Economic Development Incentive Program (EDIP) and parallel programs to promote affordable housing in urban centers, manufacturing workforce development and construction of middle income housing. They also explain the standards and procedures that apply to these property tax exemptions.

This Informational Guideline Release (IGR) describes procedures and forms for reporting tax base growth and adjusting levy limits for FY2026.

This Informational Guideline Release (IGR) provides combined guidelines for annual determination of property assessments for certification and interim years, classification of property according to usage class, calculation of the minimum residential factor and allocation of the tax levy among the property classes for Fiscal Year 2026.

This Informational Guideline Release (IGR) announces that for FY2026, 2.9% is the (1) maximum local option cost-of-living-adjustment (COLA) increase in Cl. 17 (surviving spouse/minor & elderly) exemption amount; (2) optional COLA applied to increased asset limit of Cl. 17s exemptions; (3) optional COLA applied to increase income & asset limits of Cl. 41s senior exemptions; (4) optional COLA applied to increase certain veteran exemption amounts.

This Informational Guideline Release (IGR) announces that FY2026 deductions from gross receipts for Clause 41s senior personal exemption increased by 2.9% over FY2025.

This Informational Guideline Release (IGR) announces that for calendar year 2025, there is a 2.9% increase in maximum valuation for parcels qualifying for land of low value foreclosure procedure to a new maximum of $28,108.

This Informational Guideline Release (IGR) explains the semi-annual tax billing and payment system with optional preliminary bills issued in the fall and establishes tax bill requirements under that system.

This Informational Guideline Release (IGR) explains the semi-annual tax billing and payment system with annual preliminary bills being issued by July 1 and establishes tax bill requirements under that system.

This Informational Guideline Release (IGR) explains the regular semi-annual payment system and schedule and establishes tax bill requirements under that system.

This Informational Guideline Release (IGR) explains the procedures for the quarterly tax billing and payment system and establishes tax bill requirements under that system.