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Old 05-13-2009, 04:47 AM
 
1 posts, read 2,438 times
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On a second home in NJ, besides capital gains tax, what other taxes are due to the state?
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Old 05-13-2009, 05:16 AM
 
Location: Stewartsville, NJ
7,577 posts, read 22,621,454 times
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Originally Posted by Ed Cincottta View Post
On a second home in NJ, besides capital gains tax, what other taxes are due to the state?
Transfer tax which usually equates to around 1%.
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Old 05-13-2009, 05:43 AM
 
9,327 posts, read 16,682,485 times
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Originally Posted by wileynj View Post
Transfer tax which usually equates to around 1%.
If you're a senior, you get a reduced transfer tax rate.
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Old 05-13-2009, 03:11 PM
 
Location: Stewartsville, NJ
7,577 posts, read 22,621,454 times
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Quote:
Originally Posted by Ellwood View Post
If you're a senior, you get a reduced transfer tax rate.
On a second home or is that just on your primary residence?
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