The Big Tax – Brewed In Monmouth: The Real Estate Tea Podcast Drop!

Andrew Krantz Interview on Podcast

In the world of New Jersey real estate, nothing is certain except change. In a recent episode of the Brewed in Monmouth: The Real Estate Tea Podcast, hosts Kate and Doreen welcomed well-known real estate attorney Andrew Krantz of Zager Fuchs to discuss a recent and dramatic shift in state real estate law—the New Jersey Supplemental Realty Transfer Tax.

This conversation is essential listening for anyone involved in the Monmouth County market, as it brings clarity to a tax change that has left many in the real estate industry blindsided.

NJ’s “Mansion Tax” Shift: What Every Monmouth County Seller Needs to Know

The New Rules: A Sudden Shift in Burden

For over two decades, the “mansion tax” of 1% on residential properties sold for over $1 million was a fee paid by the buyer. But that all changed on July 10, 2025, when the responsibility for the tax was suddenly shifted to the seller.

Andrew Krantz explains that this new graduated percentage fee now places a significant and unexpected burden on sellers, with the rate climbing from 1% to as high as 3.5% for properties valued over $3.5 million. This abrupt change affects not only standard home sales but also new construction contracts that may have been signed years ago, leaving some sellers to “eat” tens of thousands of dollars in unexpected fees.

Beyond the Tax: What Else is Changing?

The podcast conversation with Andrew Krantz goes beyond just the new tax law to provide a full picture of today’s real estate landscape. The discussion includes:

• Tax Refunds: Learn if you are eligible for a refund on increased fees, particularly if you were a seller with a contract signed before July 10.
• Inspections and New Norms: The conversation also dives into the rise of new inspection types, like the increasingly popular sewer scope, and how these add layers of complexity and cost to transactions.
• Navigating Disputes: Gain insight into how real estate professionals and attorneys handle disputes over deposits and litigation—a process that rarely results in a court battle.

Don’t Miss the Full Conversation

Whether you’re selling a home, preparing to buy, or simply trying to understand the complexities of the market, having an expert guide is more important than ever. Andrew Krantz provides invaluable perspective on the new tax, inventory challenges, and the need for open-minded negotiation.

The Big Tax Episode

For a complete breakdown of all these topics and more, be sure to watch the full podcast here:

Watch or share on Youtube:
– The YouTube Channel https://www.youtube.com/@BrewedInMonmouthKD
– This video episode https://youtu.be/u77WCAhWRPs?si=RzHq2OaILp_QKXu8