N.J. just raised the ‘mansion tax’ on high-value property sales. Here’s what to know.

N.J. just raised the ‘mansion tax’ on high-value property sales. Here’s what to know.

Sellers will have to pay tens of thousands of dollars in higher fees on residential and commercial property sales exceeding $2 million under a New Jersey law enacted by Gov. Phil Murphy.

NJ Housing Advocates Call for Mansion Tax Revenue to Fund Affordable Homes

MORRIS COUNTY – As New Jersey continues to grapple with a severe affordable housing shortage, leading housing and community development organizations are calling on the Legislature and the Governor to ensure new state revenue is used to address this urgent crisis. The Housing and Community Development Network of New Jersey, Fair Share Housing Center, Monarch […] The post NJ Housing Advocates Call for Mansion Tax Revenue to Fund Affordable Homes …