What happens to N.J. taxes if we buy a home somewhere else?

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You need to choose your state and change your domicile.

are looked at, including: where you vote; where your vehicles are registered; location of your doctors, country clubs, and religious institutions; and your proximity to any children you have and any business activities — your place of employment or a business location where you are an owner or officer.

If you desire to change your domicile to South Carolina, all your mail should be addressed to the South Carolina address, even from New Jersey utilities, he said.“Assuming you successfully change your domicile, then as long as you are not in New Jersey more than 183 days — the “statutory resident” test — you will be treated as a nonresident of New Jersey,” he said. “As a nonresident, you would only be subject to tax on any New Jersey source income.

Becourtney said your New Jersey real estate taxes are unaffected by whether your home is a primary residence or secondary residence. “Real estate taxes in New Jersey are eligible for reduction for certain taxpayers including veterans, senior citizens, and those who are blind or disabled, often with income restrictions attached,” he said.

Many of those programs, though, are only for those domiciled in New Jersey. For example, you won’t be eligible for theEmail your questions to

 

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