News & Analysis as of August 21, 2025

State Budgets

+ Follow

Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction. However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities. less -

Amendments to New Jersey's Mansion Tax and Controlling Interest Transfer Tax

Genova Burns LLC on 7/28/2025

As of July 10, 2025, the Mansion Tax and Controlling Interest Transfer Tax (“CITT”) now requires sellers of certain classes of real property (and controlling interest involving certain classes of real property) transferred...more

New Jersey Modifies Mansion Tax on Sales of Real Property

Bressler, Amery & Ross, P.C. on 7/3/2025

The New Jersey state legislature has passed new legislation, as part of the State’s 2026 fiscal year budget, that directly and significantly impacts sellers and buyers of real property in New Jersey. Previously, a 1% fee...more

N.Y.’s Real Estate Transfer Tax, The 2022 Budget, And Responsible Person Liability

Rivkin Radler LLP on 4/19/2021

Approximately two weeks ago, Gov. Cuomo and the New York State Legislature agreed upon a budget for the State’s 2021-2022 fiscal year. Although most businesses and their owners have understandably focused their attention on...more

3 Results

View per page

Page: of 1

Property Tax › Transfer Taxes › State Budgets

Amendments to New Jersey's Mansion Tax and Controlling Interest Transfer Tax

New Jersey Modifies Mansion Tax on Sales of Real Property

N.Y.’s Real Estate Transfer Tax, The 2022 Budget, And Responsible Person Liability

"My best business intelligence, in one easy email…"