Say No to Seasonal Tax and Realty Transfer Fee New Jersey

Please click here to Say No to Seasonal Tax and Realty Transfer Fee

The State Legislature is currently considering extending the sales tax to seasonal rental properties and increasing the Realty Transfer Fee (RTF), which would be detrimental to New Jersey’s summer tourism industry and add another financial burden for potential homeowners.

According to the New Jersey Realtors®’ 2015 “Tourism Economics” study, if New Jersey enacts a seasonal rental tax, the Garden State could lose approximately $100 million in economic activity; including nearly $1,000 per week in visitor spending on transportation, food, shopping and entertainment, and nearly 1,000 jobs. There would also be an immediate loss of $20 million in tax revenue.

Increasing the Realty Transfer Fee will add one more financial hurdle for homeowners, who are already facing some of the nation’s highest property taxes.

New Jersey Realtors® urges you to let your representatives know that these financial burdens hinder the path to homeownership in New Jersey and will have negative impacts on the Garden State’s tourism industry.

 

About Stacy Schnellhttps://buyandsellhomesnj.wordpress.comI am a Realtor Salesperson with Berkshire Hathaway - Fox and Roach Realtors & The Scott Sheppard Team in Vineland , New Jersey. Being a lifelong resident my roots are deeply invested in Cumberland County and the South Jersey area. I specialize in supporting all of my clients with the purchase or sale of residential homes in Cumberland , Gloucester , Salem and Atlantic Counties. My real estate background allows me to produce cutting edge techniques and has given me the knowledge needed to ensure a positive and even enjoyable experience. Along with my real estate background I also have experience in marketing technology and in the mortgage industry.