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Who Pays the Mansion Tax in NJ? - Christine Matus
From The Matus Law Group - Who Pays the Mansion Tax in NJ? explains how New Jersey’s mansion tax applies to property transfers over $1 million and how the 2025 amendments under N.J.S.A. 46:15-7.2 shift responsibility from buyer to seller. This episode walks through the updated law signed by Governor Phil Murphy through Bill S4666/A5804, clarifying what buyers and sellers need to know when deeds are submitted for recording on or after July 10, 2025, and how this impacts real estate transactions across Monmouth County and the state.
Listeners will gain a clear understanding of how the mansion…
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