On June 30, 2025, Governor Phil Murphy signed Assembly Bill A5804 (S4666), significantly revising New Jersey’s “mansion tax” with major implications for high-valued real estate transactions. Adopted in 2004, the “mansion tax” imposed a tax equal to 1% of the purchase price of all residential property, and of many types…
On September 1, 2021, the remnants of Hurricane Ida struck New Jersey. Heavy rain and flooding ensued throughout the area, with many homes and businesses suffering significant damage as a result. Tenants of rental properties were particularly affected, as many were unaware their leased premises were located in a flood…
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