New Jersey Mansion Tax Refund Bid Filed Too Late, Judge Rules

A New Jersey couple can’t pursue an untimely action for a mansion tax refund even though they didn’t know the purchase price on their condo was under the $1 million threshold until after the deadline had passed, a state judge ruled.

The state mansion tax gives taxpayers 90 days to file for a refund, rather than the typical four-year limitations period for tax refund claims. “The Mansion Tax’s statutory scheme makes no distinction for the filing a refund claim arising from an alleged fraud or misrepresentation based on the square footage of a property, or for any other reasons,” New ...