The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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the staff of the Ridgewood blog
Ridgewood , NJ — As part of the newly passed $58.78 billion FY 2026 New Jersey state budget, major changes are coming to the state’s real estate tax structure — particularly the “Mansion Tax.” The revamped policy will increase taxes on high-end property sales and shift responsibility from buyers to sellers, significantly impacting the state’s luxury real estate market.
the staff of the Ridgewood blog
TRENTON, NJ — As New Jersey lawmakers finalize the $58.1 billion state budget for fiscal year 2026 — the largest in state history — one controversial item appears to be making its way into the final cut: increased sales taxes on cigarettes, vaping products, and internet gaming.
Continue reading NJ Poised to Raise Sales Tax on Cigarettes and Vapes in 2026 Budget
