On June 30, Governor Phil Murphy signed Bill A5804 into law, amending N.J.S.A. § 46:15-7.2-7.4; N.J.S.A. § 54:15C-1, and introducing significant changes to New Jersey’s realty transfer tax structure. These changes — effective...more
7/7/2025
/ Buyers ,
Governor Murphy ,
New Jersey ,
New Legislation ,
Property Tax ,
Real Estate Transactions ,
Real Estate Transfers ,
Sellers ,
State Taxes ,
Tax Liability ,
Tax Rates ,
Transfer Taxes
Real property transactions in New Jersey can trigger several tax consequences that must be addressed at the time of closing.
In New Jersey, real estate deals are subject to a variety of unique requirements that can...more