Big Changes Ahead: What You Need to Know About New Jersey’s Updated Mansion Tax
Big Changes Ahead: What You Need to Know About New Jersey’s Updated Mansion Tax
As of July 10, 2025, New Jersey will implement major changes to the 'Mansion Tax', formally known as the Supplemental Fee to the Realty Transfer Fee. This fee, which was previously shared or negotiated between buyer and seller, will now be the sole responsibility of the seller.
This change could significantly impact sellers ...