An amendment to New Jersey's so-called "Mansion Tax" is only a few days from going into effect, promising to force sellers in the state to pay tens of thousands of dollars in new fees for sales of ...

Starting July 10, 2025, sellers are now responsible for an additional 1% tax on any residential (and most commercial) property that sells for over $1,000,000. This is a major shift from the previous ...

The listing for this resort-style mansion in New Jersey’s Bergen County is making quite a splash. NJ.com reports this $5.89 listing is for a 10,000-square-foot home possessing a Mediterranean charm, ...

Under a new bill, the rates for New Jersey's mansion tax have increased from the original 1% for property sales of $1 million or more. The bill also shifts the responsibility of the mansion tax from ...

Jack Plackter, Dennis Tuohy Jr. In New Jersey, the mansion tax, unfortunately, applies to more than just the mansions. "Mansion tax" is a misnomer because it applies to Class 4A commercial properties ...

Signed into law by Governor Murphy on June 30, 2025 (effective July 10, 2025), New Jersey Bill S4666 made significant changes to New Jersey’s transfer taxes. Before the enactment of this bill, the ...

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