New Jersey Transfer Taxes
R.E.P. Topic by State (Question)
Is there a transfer tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.
NJ Realty Transfer Fees:
Where consideration is less than $350,000:
$2.00 per $500 or fraction thereof of consideration up to $150,000
$3.35 per $500 or fraction thereof of consideration in excess of $150,000 but not in excess of $200,000
$3.90 per $500 or fraction thereof of consideration in excess of $200,000 but not in excess of $350,000
Where Consideration is GREATER than $350,000:
$2.90 per $500 or fraction thereof of consideration up to $150,000
$4.25 per $500 or fraction thereof of consideration in excess of $150,000 but not in excess of $200,000
$4.80 per $500 or fraction thereof of consideration in excess of $200,000 but not in excess of $550,000
$5.30 per $500 or fraction thereof of consideration in excess of $550,000 but not in excess of $850,000
$5.80 per $500 or fraction thereof of consideration in excess of $850,000 but not in excess of $1,000,000
$6.05 per $500 or fraction thereof of consideration in excess of $1,000,000
Reduced fees for Senior Citizens, Blind Persons, Disabled Persons or property which is low or moderate income:
Consideration of less than $350,000:
$ .50 per $500 or fraction thereof of consideration up to $150,000
$1.25 per $500 or fraction thereof of consideration over $150,000 but not in excess of $350,000
Consideration Greater than $350,000:
$1.40 per $500 or fraction thereof of consideration not in excess of $150,000
$2.15 per $500 or fraction thereof of consideration in excess of $150,000 but not in excess of $550,000
$2.65 per $500 or fraction thereof of consideration in excess of $550,000 but not in excess of $850,000
$3.15 per $500 or fraction thereof of consideration in excess of $850,000 but not in excess of $1,000,000
$3.40 per $500 or fraction thereof of consideration in excess of $1,000,000
There is also due from the buyer 1% of the total consideration for all residential transfers and commercial transactions involving class 4A property where the consideration is in excess of $1,000,000.