Capital gains tax on selling real estate

[/u/cuba3000]

We purchased our home back in 12/10/23 but we’re looking to sell relatively soon (3-4 months). We bought it for 317,500 and even then it actually appraised for 405K not sure why and we tried to get a HELOC and the home appraised for 400K 3 months ago. Looking at homes around as well seems to really solidify these appraisal, how bad would capital gains be if we sold the home 16 months after buying and the home went up 82,500 in value. We live in NJ if that makes any difference

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Capital gains tax on selling real estate
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