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New NJ Mansion Tax Explained! What Sellers in Tenafly Must Know

New NJ Mansion Tax Explained! What Sellers in Tenafly Must Know

New NJ Mansion Tax Explained! What Sellers in Tenafly Must KnowStacy Esser
Published on: 07/17/2025

In this month’s Eastern Bergen County market update, we spotlight Tenafly, where home values are rising — but a major change has just hit. A new mansion tax bill passed in July is set to impact over 50% of sellers in Tenafly, shifting tax burdens from buyers to sellers with steep tiered rates. Learn what this means for home prices, selling strategies, and why developers and sellers may push prices even higher. Plus, don’t miss our fun Grill, Snap & Win BBQ photo contest for a chance to win a Goldbelly subscription!

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