Update 7/1/2025 – Notice to Our Valued Partners – NJ Mansion Tax Law Changes

UPDATE 7/1/2025 to the below notice – Graduated Percent Fee Notice from New Jersey Division of Taxation. The NJ Division of Taxation is evaluating the submission date for recording to determine when the new guidelines apply and who should apply for the refund. 

*NOTICE TO OUR PARTNERS – The NJ Mansion Tax has recently updated as of June 30, 2025 with the ability to eliminate buyer responsibility and instead cause sellers to incur fees. How does this impact the closing process? Read our full notice to understand bill S4666/A5804 and what that means for the closing process: CHANGES TO NEW JERSEY TRANSFER TAXES – A NOTICE TO ALL OUR VALUED CLOSING PARTNERS