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Old 07-29-2008, 05:02 PM
 
154 posts, read 539,177 times
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Quote:
Originally Posted by cool-breeze View Post
Is there a 1% tax for both the buyer and seller of a home of which the sale price is over 1 million dollars in new jersey. If so, is this in addition to the realty transfer fee. Is there such a fee if the home is less than 1 million?
is there a mansion tax if the sale price is exactly $1MM?
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Old 07-31-2008, 11:06 AM
 
Location: Martinsville, NJ
6,159 posts, read 10,895,066 times
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Quote:
Originally Posted by balancesheet View Post
is there a mansion tax if the sale price is exactly $1MM?
Yes
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Old 07-31-2008, 11:12 AM
 
69 posts, read 280,240 times
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Yep - that's why you see homes priced at $999,999 rather than $1M
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