Governor Murphy signed a new bill that exempts private homeowners from the Jersey Shore Rental Tax (aka Transient Accommodations Tax) when they advertise their rentals and collect fees themselves rather than going through a third-party source.
New Vacation Rental Tax Poses a Threat to Jersey Shore Tourism
Earlier this year, the NJ legislature created a new vacation rental tax for Jersey Shore homeowners: the transient accommodations tax. In effect, anyone renting a property must pay an additional 12-14% in taxes.