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This calculator provides an estimate of the Realty Transfer Fee (RTF) that you will need to pay when you sell real property in New Jersey. Simply enter your home’s sales price, with no commas and click calculate.*
Real Estate Transfer & Mansion Tax. The Realty Transfer Fee is imposed upon the recording of deeds evidencing transfers of title to real property in the State of New Jersey. The Fee is required to be paid upon the recording of deeds conveying title to real property in New Jersey.
This page provides links for assistance with regard to the GIT/REP, Realty Transfer Fee (RTF), Controlling Interest Transfer Tax (CITT), and Bulk Sales. GIT/REP: Estimated Gross Income Tax Payment Requirement for Nonresident Sellers of Real Property in New Jersey
Customarily the New Jersey Transfer Tax is paid by the seller and the Mansion Tax on residential or commercial purchases of $1 million or more is paid by the buyer.
The grantee is required to remit additional transfer fee of 1% of the consideration when the entire consideration is in excess of $1,000,000 - and the property classification is one of the following: Class 2 – Residential
Generally, in New Jersey, the Seller pays the Transfer Tax. If you qualify for an exemption, you are entitled to pay a reduced amount. Consult your attorney to see if any of these exemptions apply to you. Note: If purchase price is over 1 million dollars, a 1% mansion tax may be due.
The State imposes a Realty Transfer Fee (RTF) on the seller of real property for recording a deed for the sale. The RTF is calculated based on the amount of consideration recited in the deed, or in certain instances, the assessed valuation of the property conveyed, divided by the Director's Ratio.