New Jersey Realty Transfer Fee Calculator

How the Realty Transfer Fee Works

New Jersey charges the realty transfer fee when a deed is recorded, and the seller pays it out of the closing proceeds. The fee is tiered per $500 of the sale price, and homes over $350,000 use a higher rate schedule across every tier. On a typical $400,000 sale the fee comes to about $3,215, a little under 1% of the price. The rates are set by state law and are the same in all 21 counties, so where you sell never changes the number. The official schedules are published by the NJ Division of Taxation.

The Senior and Disabled Discount Most Sellers Miss

Sellers who are 62 or older, legally blind, or disabled pay a sharply reduced fee on an owner-occupied one or two family home. A senior selling at $300,000 pays about $525 instead of roughly $1,715. The discount is not applied automatically, so check the box in the calculator above to see your reduced number, and make sure your attorney or title company claims it at closing.

Selling Over $1 Million Now Costs the Seller More

New Jersey now makes the seller pay the graduated percent fee that replaced the old buyer-paid mansion tax. It starts at 1% above $1 million and steps up to 3.5% above $3.5 million, and each rate applies to the entire price, not just the amount over the threshold. Crossing a threshold is expensive. A home that sells for $999,999 owes nothing, while $1,010,000 owes about $10,100, so pricing just under a line can be worth real money.

For the full picture of who pays what and the family and divorce exemptions, read our guide to the NJ realty transfer fee. To see this fee alongside your mortgage payoff and commission, use the net proceeds calculator.