As much of the United States struggles with housing affordability, some states and local governments believe one solution is an extra tax on those who buy and sell expensive homes. A “mansion tax” is an additional one-time real estate transfer tax imposed on high-price property sales. The term mansion tax is a bit of a misnomer. The higher tax rate is based on the property’s selling price, not its square footage or luxury features. If the selling price is above a specified amount, the extra tax applies, whether it’s a studio apartment o ...
Lowest Price Results - Grand Historic Mansion| Sleeps 18|Waterfront Decks is a vacation rental located in New Jersey, New Jersey. This Entire Home can...
At the time of writing, only seven U.S. states levy a mansion tax. ; Hawaii: Marginal rates between 10% and 20% for estates valued at over $5.49 million ; New Jersey: 1% on real estate purchases over $1 million ; New York: 1% to 3.9% on residential purchases of $1 million or more
The Gloria Crest mansion, located in Englewood, New Jersey, is often referred to by the... property tax that comes with owning the home. According to the New York Post, prior to the sale...
Where do rich people hang out? We’ve identified 51 locales, and calculated for each an average upper-bracket net worth and proposed Trump tax cut. Here are the three in New Jersey.
Somerville, New Jersey Borough Somerset County Courthouse Daniel Robert House – Borough... Robert Mansion.[28] Originally the center of local commerce, the borough has evolved into a...
A "Real Housewives of New Jersey" star could be downgraded from "housewife" to just plain old "wife" ... because a bank is trying to FORECLOSE on her mansion.
A historically large share of the nation’s wealth is concentrated in the hands of a few. As a result, millions of American families have less wealth, and therefore fewer opportunities, than they otherwise would. Further, since wealthy people are overwhelmingly white, this extreme wealth concentration reinforces barriers that make it harder for people of color to make gains. One way states can build more broadly shared prosperity is by adopting a tax on high-value housing, often called a mansion tax, to help fund schools, health care, roads, a ...
Luxury Florida homes have wealthy Americans making the move from high tax areas like New York, New Jersey and California, cutting their tax bill and increasing the size of their homes.
"Real Housewives of New Jersey" star Jacqueline Laurita will NOT have to live in a cardboard box ... TMZ has learned she struck a deal with her bank and SAVED her mansion from foreclosure!