New Jersey § 54:4-8

§ 54:4-8.

Where title to property as to which a veteran's deduction is claimed is held by claimant

and another or others, either as tenants in common or as joint tenants, a claimant

shall not be allowed a veteran's deduction in an amount in excess of his or her proportionate

share of the taxes assessed against said property, which proportionate share, for

the purposes of this act, shall be deemed to be equal to that of each of the other

tenants, unless the conveyance under which title is held specifically provides unequal

interests, in which event claimant's interest shall be as specifically established

in said conveyance. Property held by husband and wife, as tenants by the entirety, shall be deemed to

be wholly owned by each tenant. Nothing herein shall preclude more than one tenant, whether title be held in common,

joint tenancy or by the entirety, from claiming a veteran's deduction from the tax

assessed against the property so held. Right to claim a veteran's deduction hereunder shall extend to property title to

which is held by a partnership, to the extent of the claimant's interest as a partner

therein, and by a guardian, trustee, committee, conservator or other fiduciary for

any person who would otherwise be entitled to claim a veteran's deduction hereunder,

but not to property the title to which is held by a corporation, except that a tenant

shareholder in a cooperative or mutual housing corporation shall be entitled to claim

a veteran's deduction to the extent of his proportionate share of the taxes assessed

against the real property of the corporation or any other entity holding title , and except that a resident of a continuing care retirement community shall be entitled

to receive the veterans' deduction to the extent of the share of the taxes assessed

against the real property of the continuing care retirement community that is attributable

to the unit that the resident occupies. The continuing care retirement community shall provide that amount as a payment

or credit to the resident for the amount of the property tax credit received by the

continuing care retirement community. That payment or credit shall be made to the resident no later than 30 days after

the continuing care retirement community receives the property tax bill on which the

credit appears .